Neiman Marcus’ Comps Tumble 20.9% in February

Neiman Marcus, Inc. reported same-store sales during February fell 20.9%. Total revenues were down 19.7% to $232 million from $288 million.

In the four-week February period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 24.2%. The company experienced weakness across all geographies and merchandise categories in the Specialty Retail Stores segment.

Comparable revenues at Neiman Marcus Direct in the four-week February period decreased 1.1%. The top selling merchandise categories in the Direct Marketing segment included women's apparel and shoes, beauty and men's.

Neiman Marcus’ Comps Tumble 20.9% in February

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