Neiman Marcus Direct sales up 12%

With an emphasis on full-price selling, inventory management, and decreasing its promotional activities, upscale apparel and home decor marketer Neiman Marcus Group (NYSE:NMG.A), which mails the Horchow, Chef’s Catalog, and Neiman Marcus titles, reported an 8% revenue increase to $734 million for the 13 weeks ended Nov. 2. Last year, company sales totaled $681 million.

Net earnings for the Dallas-based multichannel marketer including the effects of a change in accounting principle, totaled $29 million, compared to $23 million last year.

For Neiman Marcus Direct, the company’s catalog and Internet division, revenue grew 12%, to $114 million, compared to $102 million last year. Operating earnings for Neiman Marcus Direct were $7.4 million in the quarter compared to a loss of $2.3 million last year.

First quarter revenues for the Specialty Retail Stores segment, which consists of Neiman Marcus Stores and Bergdorf Goodman, were $601 million, compared to $561 million in the previous year.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.