Revenue Rises for Neiman Marcus Direct, Stores

Share this content:
Revenue at The Neiman Marcus Group Inc., Dallas, and its Neiman Marcus Direct division was up in the 2003 fiscal first quarter, which ended Nov. 2, the company said yesterday.


Total revenue was $734 million in the quarter, up from $681 million the previous year. Net earnings before a change in accounting principle totaled $43 million for the quarter, up from $23 million for the 2002 Q1.


In the fourth quarter of fiscal year 2002, the company realigned its business segments. Online operations are included in the Direct Marketing segment while previously certain online operations were included in the Other business segment.


Neiman Marcus Direct reported 2003 Q1 revenue of $114 million compared with $102 million the prior year. Operating earnings for Neiman Marcus Direct reached $7.4 million compared with a loss of $2.3 million in the 2002 Q1.


First-quarter revenue for the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, reached $601 million compared with $561 million the prior year.


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