Exhibit 99.1
The Neiman Marcus Group Reports October Revenues
DALLAS--(BUSINESS WIRE)--Nov. 3, 2005--The Neiman Marcus Group,
Inc. (NYSE:NMG.A) (NYSE:NMG.B) announced the following preliminary
company-wide revenues:
4 weeks ended
October 29, October 30,
2005 2004 % Change
------------------- ----------------- -----------
Total Revenues $325 million $306 million 6.2%
Comparable Revenues $319 million $298 million 7.0%
13 weeks ended
(1st Fiscal Quarter)
October 29, October 30,
2005 2004 % Change
------------------- ----------------- -----------
Total Revenues $976 million $908 million 7.5%
Comparable Revenues $962 million $888 million 8.4%
Comparable revenues for the four weeks and quarter ended October
30, 2004 exclude the sales of Chef's Catalog prior to its disposition
in November 2004.
In the four-week October period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus stores
and Bergdorf Goodman, increased 6.7 percent. Revenue growth trends
were the strongest in the Company's stores in the South and West Coast
regions. The merchandise categories in the Specialty Retail Stores
segment that performed the strongest included women's contemporary
sportswear and couture apparel, men's shoes, designer handbags and
jewelry.
Comparable revenues at Neiman Marcus Direct for the four-week
October period increased 11.7 percent. The top selling merchandise
categories in the Direct Marketing segment included shoes, handbags,
jewelry, women's apparel and men's.
Comparable revenues for the Neiman Marcus Group for the first
quarter of fiscal year 2006 increased 8.4 percent. For the first
quarter of fiscal year 2006, Specialty Retail Stores comparable
revenues increased 8.8 percent. Comparable revenues for the first
quarter of fiscal year 2006 compared to last year increased 8.0
percent and 13.7 percent at Neiman Marcus Stores and Bergdorf Goodman,
respectively. Neiman Marcus Direct first quarter fiscal year 2006
revenues were 10.4 percent above last year.
The Neiman Marcus Group plans to report first quarter earnings on
Thursday, December 8, 2005. The Company will host a conference call
the same day that will be simultaneously webcast.
The Company's four-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, Chef's
Catalog 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