Neiman Marcus May Comps Rise 7.0%

The Neiman Marcus Group announced the following preliminary Company-wide revenues:

                                  4 weeks ended
                              May 29,            May 31,
                               2004               2003       % Change
                      ---------------------- --------------- ---------

Total Revenues             $246 million       $227 million        8.6%

Comparable Revenues        $246 million       $227 million        8.5%

In the four-week May period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 7.0 percent. The Company's May 2004 sales results were negatively impacted by the shift of a men's sales event at both Neiman Marcus Stores and Bergdorf Goodman from May in the prior year to June in the current year. Revenue growth trends were the strongest in the Company's stores in the West. Merchandise that sold well in the Specialty Retail Stores segment included couture, contemporary sportswear, women's dresses, designer handbags and jewelry.

Comparable revenues at Neiman Marcus Direct in the four-week May period increased 15.0 percent. The top selling merchandise categories in the Direct Marketing segment included cosmetics, casual sportswear, tabletop, linens and jewelry.