Exhibit 99.1
The Neiman Marcus Group Reports September Revenues
DALLAS--(BUSINESS WIRE)--Oct. 6, 2005--The Neiman Marcus Group, Inc.
(NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary Company-wide
revenues:
5 weeks ended
October 1, October 2,
2005 2004 % Change
----------------------- ------------- -----------
Total Revenues $397 million $363 million 9.2%
Comparable Revenues $390 million $356 million 9.6%
Comparable revenues for the five weeks ended October 2, 2004 exclude the
sales of Chef's Catalog prior to its disposition in November 2004.
In the five-week September period, comparable revenues in the Specialty
Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman,
increased 10.5 percent. Revenue growth trends were the strongest in the
Company's stores in the Southeast and West. The merchandise categories in the
Specialty Retail Stores segment that performed well included women's designer
apparel and contemporary sportswear, jewelry, designer handbags, home decor and
men's.
Comparable revenues at Neiman Marcus Direct in the five-week September
period increased 10.4 percent. The top selling merchandise categories in the
Direct Marketing segment included women's apparel and shoes, handbags and men's.
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, 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 print catalog and online operations under
the Neiman Marcus, Horchow, and Bergdorf Goodman brand names. Information about
the Company can be accessed at www.neimanmarcusgroup.com.
From time to time, the Company may make statements that predict or forecast
future events or results, depend on future events for their accuracy or
otherwise contain "forward-looking information." These statements are made based
on management's expectations and beliefs concerning future events and are not
guarantees of future performance.
The Company cautions readers that actual results may differ materially as a
result of various factors, some of which are beyond its control, including but
not limited to: political or economic conditions; terrorist activities in the
United States or escalation in the international war on terrorism; disruptions
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;
changes in the Company's relationships with key customers; delays in the receipt
of 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 Company's financial results or
reputation; 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 or enhancement 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 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.
These and other factors that may adversely effect the Company's future
performance or financial condition are contained in its Annual Report in Form
10-K and other reports filed with and available from the Securities and Exchange
Commission. The Company undertakes no obligation to update or revise 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