Same-store sales at Neiman Marcus rose 8.5% in October. Total sales
advanced 10.9% to $383 million from $345 million.
In the four-week October period, comparable revenues in the Specialty
Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf
Goodman, increased 7.8%. Revenue growth trends were the strongest in
the company's stores in New York City, Texas and the Midwest. The
merchandise categories in the Specialty Retail Stores segment that
performed the strongest included designer handbags, jewelry, shoes and
beauty.
Comparable revenues at Neiman Marcus Direct in the four-week October
period increased 12.0%. The top selling merchandise categories in the
Direct Marketing segment included designer shoes, women's contemporary
sportswear and dresses, designer handbags and jewelry.
In the 13 weeks, comps rose 6.5%. Total revenues climbed 9% to $1.132 billion from $1.039 billion.
Comparable revenues for Neiman Marcus, Inc. for the first quarter of
fiscal year 2008 increased 6.5%. Specialty Retail Stores comparable
revenues increased 6.4%. Comparable revenues increased 5.4% and 11.6%
at Neiman Marcus Stores and Bergdorf Goodman, respectively. Neiman
Marcus Direct revenues were 7.1% above last year.
