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Neiman Marcus sales drop 20.9 percent in February

March 09, 2009

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Dallas--Same-store sales at Neiman Marcus Inc. decreased 20.9 percent to $228 million for the four weeks ended Feb. 28, compared with $288 million for the four weeks ended Feb. 23, 2008, the company announced recently.

Total revenues dropped 19.7 percent to $232 million for the period, compared with $288 million for the four weeks ended Feb. 23, 2008.

In the four-week February period, same-store sales in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 24.2 percent.

The company experienced weakness across all geographies and merchandise categories in the Specialty Retail Stores segment.

Same-store sales at Neiman Marcus Direct decreased 1.1 percent for the period.

The top-selling merchandise categories in the Direct Marketing segment included women's apparel and shoes, beauty and men's.

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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