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Neiman Marcus November sales drop 11.9 percent

December 09, 2008

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Dallas--Same-store sales at Neiman Marcus Inc. decreased 11.9 percent to $318 million for the four weeks ended Nov. 29, compared with $360 million for the same period last year, the company announced.

Total revenues dropped 10.2 percent to $324 million for the period, compared with $360 million for the four weeks ended Nov. 24, 2007.

In the four-week November period, same-store sales in Neiman's Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 11.8 percent.

The top-selling categories in the Specialty Retail Stores segment included designer handbags, shoes and women's fine apparel.

Same-store sales at Neiman Marcus Direct in the four-week November period decreased 12.3 percent.

The top-performing merchandise categories in the Direct Marketing segment included women's contemporary sportswear, handbags and shoes.

Neiman Marcus Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both online and print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.

For more information about the company, visit its Web site, NeimanMarcusGroup.com.
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