Neiman Marcus Comps Jump 14.0% in April

The Neiman Marcus Group, Inc. (NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary company-wide revenues:

                                       4 weeks ended
                                   May 1,         May 3,
                                    2004           2003      % Change
                               -------------- -------------- ---------

Total Revenues                  $274 million   $241 million      14.0%

Comparable Revenues             $274 million   $240 million      14.0%


                                      13 weeks ended
                                   (3rd Fiscal Quarter)
                                   May 1,         May 3,
                                    2004           2003      % Change
                               -------------- -------------- ---------

Total Revenues                  $878 million   $723 million      21.4%

Comparable Revenues             $876 million   $722 million      21.4%

In the four-week April period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus stores and Bergdorf Goodman, increased 14.1 percent. Revenue growth trends were the strongest in the Company's stores in the West. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included designer handbags and accessories, couture, contemporary sportswear, women's shoes and the men's categories.

Comparable revenues at Neiman Marcus Direct for the four-week April period increased 9.6 percent. The Neiman Marcus brand experienced the highest year-over-year sales performance in the direct-to-consumer business, supported by strong sales in the women's apparel, cosmetics, women's shoes and jewelry.

Comparable revenues for the Neiman Marcus Group for the third quarter of fiscal year 2004 increased 21.4 percent. For the third quarter of fiscal year 2004, Specialty Retail Stores comparable revenues increased 22.1 percent including a 21.0 percent increase at Neiman Marcus Stores and a 30.4 percent increase at Bergdorf Goodman. Neiman Marcus Direct third quarter fiscal year 2004 revenues were 11.9 percent above last year.

The Company currently expects earnings in the range of $1.36 to $1.41 per share for the third quarter of fiscal year 2004. The Company currently expects comparable store revenues for the fourth quarter of its fiscal year 2004 to increase 8 percent to 10 percent compared to last year with May having the lowest year over year increase as a result of changes in the Company's promotional plan compared to last year.