The Neiman Marcus Group, Inc. announced that total revenues for the five week period ended October 1, 2005 were $397 million, up 9.2% from last year's $363 million. Comparable sales increased 9.6% over last September.
Comparable revenues for the five weeks ended October 2, 2004 exclude the sales of Chef's Catalog prior to its disposition in November 2004.
In the five-week September period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 10.5%. Revenue growth trends were the strongest in the company's stores in the Southeast and West. The merchandise categories in the Specialty Retail Stores segment that performed well included women's designer apparel and contemporary sportswear, jewelry, designer handbags, home decor and men's.
Comparable revenues at Neiman Marcus Direct in the five-week September period increased 10.4%. The top selling merchandise categories in the Direct Marketing segment included women's apparel and shoes, handbags and men's.
The company's five-week reporting period is consistent with last year and reflects a 4-5-4 week first quarter.
