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Friday, December 3, 2010

Sales at Neiman Marcus and BG Stores Up 6.4% in November


In another sign of a good holiday season for the U.S. luxury market, Neiman Marcus Inc. reported that comparable revenues in its Neiman Marcus and Bergdorf Goodman stores increased 6.4 percent in November. Jewelry and designer handbags were among the strongest categories.

Total sales for all Neiman Marcus Inc. operations in November increased 5.8 percent to $322 million. The company said revenue growth trends were the strongest in the company’s stores in the Southeast, New York City and Texas. Comparable sales for the month increased 5.5 percent to $321 million.

Comparable revenues at Neiman Marcus Direct, which include online and print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brands, in the four-week November period increased 2 percent. The top selling merchandise categories in the Direct Marketing segment included women’s fine apparel and shoes, accessories and men’s.

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