Exhibit 99.1

             The Neiman Marcus Group Reports May Revenues


    DALLAS--(BUSINESS WIRE)--June 4, 2003--The Neiman Marcus Group,
Inc. (NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary
Company-wide revenues:


                                   4 weeks ended
                              May 31,           May 25,
                               2003              2002       % Change
                        ------------------- --------------- ---------

Total Revenues             $ 227 million     $ 209 million     8.5%

Comparable Revenues        $ 220 million     $ 209 million     5.2%


    In the four-week May period, comparable revenues in the Specialty
Retail Stores segment, which includes Neiman Marcus Stores and
Bergdorf Goodman, increased 3.1 percent.
    Revenue growth trends were the strongest in the Company's stores
located in the Northeast. Merchandise that sold well in the Specialty
Retail Stores segment included designer handbags, ladies' shoes and
women's contemporary sportswear, dresses and suits. In addition, sales
in the men's category were strong partially due to a shift in the
Company's promotional calendar as a result of the Company's fiscal
year 2002 including a 53rd week.
    Comparable revenues at Neiman Marcus Direct in the four-week May
period increased 19.2 percent. In the direct-to-consumer business, the
Neiman Marcus brand experienced the highest year-over-year sales
performance, supported by strong sales in the women's apparel,
jewelry, ladies' shoes and furniture categories.
    Based on the current sales trends, the Company anticipates its
comparable store revenues for the fourth quarter of fiscal year 2003
to increase in the range of 2 percent to 4 percent.
    The Company's four-week reporting period is consistent with last
year and reflects a 4-5-4 week fourth quarter in fiscal year 2003.
    The Neiman Marcus Group includes the Specialty Retail Stores
segment, which consists of Neiman Marcus Stores and Bergdorf Goodman,
and Neiman Marcus Direct, the direct marketing operation. All the
Company's online operations are now included in the Direct Marketing
segment. Previously, certain online operations were included in the
Other business segment.
    Information about the Company can be accessed at
www.neimanmarcusgroup.com.

    This release contains forward-looking statements, including
statements regarding the Company's objectives and expectations
concerning, among other things, its productivity and profitability;
merchandising and marketing strategies; inventory performance; store
renovation and expansion plans; capital expenditures; liquidity; and
development of management information systems. These forward-looking
statements are made based on management's expectations and beliefs
concerning future events, as well as on assumptions made by and data
currently available to management. Therefore, these forward-looking
statements involve a number of risks and uncertainties and are not
guarantees of future performance. A variety of factors could cause the
Company's actual results to differ materially from the anticipated or
expected results expressed in these forward-looking statements.
Factors that could affect future performance include, but are not
limited to: current political and economic conditions; changes in
political and economic conditions that may occur in the future;
terrorist activities in the United States, as well as the potential
escalation in the international war on terrorism; changes in consumer
confidence resulting in a reduction of discretionary spending on goods
that are, or are perceived to be, "luxuries"; changes in demographic
or retail environments; changes in consumer preferences or fashion
trends; competitive responses to the Company's marketing,
merchandising and promotional efforts and/or inventory liquidations by
vendors or other retailers; delays in the receipt of merchandise
ordered by the Company due to work stoppages and/or other causes of
delay in connection with either the manufacture or shipment of such
merchandise; seasonality of the retail business; adverse weather
conditions, particularly during peak selling seasons; delays in
anticipated store openings; political, social, economic or other
events resulting in the short or long-term disruption in business at
the Company's stores, distribution centers or offices; natural
disasters; significant increases in paper, printing and postage costs;
litigation that may have an adverse effect on the financial results or
reputation of the Company; changes in the Company's relationships with
designers, vendors and other sources of merchandise; the financial
viability of the Company's designers, vendors and other sources of
merchandise; changes in foreign currency exchange rates; impact of
funding requirements related to the Company's noncontributory defined
benefit pension plan; changes in the Company's relationships with
certain of its key sales associates; changes in key management
personnel; changes in the Company's proprietary credit card
arrangement that adversely impact its ability to provide consumer
credit; or changes in government or regulatory requirements increasing
the Company's cost of operations. The Company undertakes no obligation
to update or revise (publicly or otherwise) any forward-looking
statements to reflect subsequent events, new information or future
circumstances.


    CONTACT: The Neiman Marcus Group, Inc., Dallas
             James E. Skinner, 214/743-7625
                 or
             Stacie Shirley, 214/757-2967