Headlines

Neiman Marcus Closes Out a Strong Year

Store sales jumped 12.6 percent in December

Published

20 years ago

January 9, 2004

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The Neiman Marcus Group (Dallas) finished its strong calendar 2003 with a 15 percent gain in total revenues for the five weeks ended Jan. 3, 2004. Comparable revenues jumped 14.8 percent.

For the holiday season — the combined nine weeks of November and December 2003 — comparable revenues increased 11.4 percent.

In the five-week December period, comparable revenues in the company's 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. Particularly strong merchandise categories included women's contemporary sportswear and fine apparel, designer handbags, women's shoes, designer jewelry and men's.

Based on the current sales trends, Neiman Marcus anticipates its same-store revenues for the second quarter of fiscal year 2004 will increase 10-11 percent.

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