follow us

Neiman-Marcus sees sales drop

Underscoring the problems confronting retailers of upscale and luxury goods in a recessionary environment, Neiman-Marcus said same-store sales fell 3 percent during the all-important Christmas selling season.

Total store sales declined by 1.9 percent, to $475 million from $484 million the previous year.

Hardest hit was the specialty retail stores segment — including Neiman Marcus and Bergdorf Goodman stores — where same-store sales dropped off by 4.4 percent.

For the 22 weeks year-to-date of the current fiscal year, same-store sales are off at an accelerated pace of 6.7 percent. Total store revenues, boosted by new store openings, fell by 5.7 percent, to $1.41 billion from $1.45 billion the prior year. Neiman Marcus' 2002 fiscal year ends Aug. 3.

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today