Exhibit 99.1

The Neiman Marcus Group Reports September Revenues

    DALLAS--(BUSINESS WIRE)--Oct. 9, 2003--The Neiman Marcus Group,
Inc. (NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary
Company-wide revenues:


                                   5 weeks ended

                            October 4,        October 5,
                               2003              2002        % Change
                         ----------------  ----------------  ---------

Total Revenues             $345 million      $298 million        15.7%

Comparable Revenues        $338 million      $298 million        13.6%


    In the five-week September period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus Stores
and Bergdorf Goodman, increased 14.7 percent. The merchandise
categories in the Specialty Retail Stores segment that performed well
included women's contemporary sportswear and fine apparel, designer
handbags, women's shoes, and designer jewelry.
    Comparable revenues at Neiman Marcus Direct in the five-week
September period increased 6.6 percent. The top selling merchandise
categories in the Direct Marketing segment included women's apparel
and shoes, accessories and linens.
    Based on the current sales trends, the Company anticipates its
comparable store revenues for the first quarter of fiscal year 2004 to
increase in the range of 9 percent to 11 percent.
    The Company's five-week reporting period is consistent with last
year and reflects a 4-5-4 week first quarter.
    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.
    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; 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; 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; changes in the
Company's relationships with its key customer; 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; 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; the
design and implementation of new information systems as well as
enhancements of existing systems; 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