The Neiman Marcus Group announced the following preliminary
5 weeks ended January 3, January 4, 2004 2003 % Change ---------------- ----------------- ----------- Total Revenues $544 million $473 million 15.0% Comparable Revenues $543 million $473 million 14.8%
For the combined nine weeks of November and December 2003,
comparable revenues increased 11.4 percent for The Neiman Marcus
In the five-week December period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus Stores
and Bergdorf Goodman, increased 12.6 percent. Revenue growth trends
were the strongest in the Company's stores in the Northeast and
Southeast. Merchandise that sold well in the Specialty Retail Stores
segment included women's contemporary sportswear and fine apparel,
designer handbags, women's shoes, designer jewelry and men's.
Comparable revenues at Neiman Marcus Direct in the five-week
December period increased 27.0 percent. Top selling merchandise in the
Direct Marketing segment included women's contemporary sportswear,
women's shoes, jewelry and cosmetics.
Based on the current sales trends, the Company anticipates its
comparable store revenues for the second quarter of fiscal year 2004
to increase in the range of 10 percent to 11 percent.
The Company's five-week reporting period is consistent with last
year and reflects a 4-5-4 week second quarter.