default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years

The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Neiman Marcus in Natick, Massachusetts | Source: Neiman Marcus
By
  • Associated Press

DALLAS, United States — Neiman Marcus saw a key sales figure rise for the first time in two years.

The Dallas-based chain, which operates more than 40 Neiman Marcus stores and two Bergdorf Goodman locations, reported a 4.2 percent increase in comparable revenue during its first fiscal quarter compared to a year ago. That's the first such gain since the fourth quarter of fiscal 2015. The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales. Comparable revenue at department stores, though, was flat.

CEO Karen Katz says the retailer is attracting new shoppers and its core customers are spending more. She says the chain is benefiting from an improving economy but also efforts to expand its exclusive merchandise and personalize its marketing.

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the ebb and flow of the fashion sector.


Kanye and Adidas, Johnny Depp and Dior: celebrity marketing can be a minefield as well as a goldmine — and social media has raised the stakes.



view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
How to Build a Profitable DTC Brand
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
How to Build a Profitable DTC Brand