Neiman Marcus Sees Q1 Sales Gain, Earnings Down

Share this content:
The Neiman Marcus Group Inc. said yesterday that comparable-store revenue increased 8 percent for the first quarter of fiscal year 2006, as revenue jumped from $908 million last year to $976 million. Also, operating earnings for the Dallas-based multichannel merchant in the 13 weeks ended Oct. 29 were $104 million compared with $110 million last year.


Revenue for the company's direct marketing operation was down slightly because of the November 2004 sale of Chef's Catalog: $139 million versus $140 million last year. On a comparable basis, excluding Chef's Catalog, revenue increased 10.4 percent. Also, operating earnings for Neiman Marcus Direct were $15 million in the first quarter, up from $11 million in the prior year, representing a 29 percent gain.


On Oct. 6, Neiman Marcus announced the completion of its acquisition by an investor group led by Texas Pacific Group and Warburg Pincus LLC.


Chantal Todé covers catalog and retail news and BTB marketing for DM News and DM News.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above