In the four-weeks ended Feb. 27 2010, comparable revenues in the Neiman Marcus Group’s Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 5.1%. Revenue growth trends were the strongest in the Company’s 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 men’s.
 
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 women’s apparel, jewelry, children’s and men’s.
 
From a liquidity standpoint, the Company’s 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.
 
4 Weeks Ended
                         
                                       Feb. 27        Feb. 28
                                        2010            2009          % Change
 
Total Revenues               $249 million       $232 million      7.7%
 
Comparable Revenues       $246 million      $232 million       6.2%