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

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

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