Neiman Marcus Experiences 11.3% Increase in February Comps

In the February period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 5.1%. Revenue growth trends were the strongest in the Companys stores in the West, Southeast and New York City. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included jewelry, womens contemporary sportswear, shoes and mens.

Comparable revenues at Neiman Marcus Direct in the four-week February period increased 11.3%. The top selling merchandise categories in the Direct Marketing segment included womens apparel, jewelry, childrens and mens.

From a liquidity standpoint, the Companys cash balance as of Feb. 27, 2010 was approximately $530 million compared to $230 million in the prior year. In addition, the Company had no borrowings outstanding under its $600 million asset-based revolving credit facility.