Neiman Marcus, Inc. reported comparable store sales for July decreased 1.7% to $265 million. Overall net sales slipped 0.3% for the month ot $268 million from $269 million last year.
| 4 weeks ended | |||||||
July 26, 2008 | July 28, 2007 | % Change | |||||
| Total Revenues | $268 million | $269 million | (0.3 | %) | |||
| Comparable Revenues | $265 million | $269 million | (1.7 | %) | |||
| 13 weeks ended | ||||||
July 26, 2008 | July 28, 2007 | % Change | ||||
| Total Revenues | $982 million | $982 million | 0.1% | |||
| Comparable Revenues | $968 million | $982 million | (1.4%) | |||
| 52 weeks ended | ||||||
July 26, 2008 | July 28, 2007 | % Change | ||||
| Total Revenues | $4.55 billion | $4.39 billion | 3.7% | |||
| Comparable Revenues | $4.46 billion | $4.39 billion | 1.7% | |||
Total revenues for the Companys fifty-third week were $50 million. Total revenues for the fiscal year ended August 2, 2008 were $4.60 billion.
In the four-week July period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 2.0 percent. Revenue growth trends were the strongest in the Companys stores in Texas and New York City. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included beauty, precious jewelry and mens shoes.
Comparable revenues at Neiman Marcus Direct in the four-week July period decreased 0.6 percent. The top selling merchandise categories in the Direct Marketing segment included shoes and mens furnishings.
For the thirteen week fourth quarter of fiscal year 2008, comparable revenues in the Specialty Retail Stores segment decreased 1.8 percent, including a 3.6 percent decrease at Neiman Marcus Stores and an 8.3 percent increase at Bergdorf Goodman. Revenues for the thirteen week fourth quarter of fiscal year 2008 for Neiman Marcus Direct increased 0.7 percent compared to last year.
