CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Neiman Marcus Sees July Revenue Rise

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

dl image Neiman Marcus Sees July Revenue RiseClick To Win A Disney World Vacation

jacks music match up 1982 Neiman Marcus Sees July Revenue RisePick The Best Song From 1982

grand in your hand11 Neiman Marcus Sees July Revenue RiseWin A Grand In Your Hand

155742164 Neiman Marcus Sees July Revenue RisePick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

DALLAS (AP) - Upscale retailer Neiman Marcus Inc. said Thursday that revenue for Neiman Marcus and Bergdorf Goodman stores open at least a year rose 6.5 percent, benefiting from strong sales of designer handbags, shoes and women’s contemporary sportswear.

Other strong sellers included evening wear, beauty products and men’s goods as Neiman’s well-heeled shoppers continued to spend.

Revenue at stores open at least a year is a key gauge of a retailer’s health because it excludes stores that recently opened or closed.

Total revenue for the period ended July 30 increased 7.9 percent to $244 million.

Fourth-quarter revenue for Neiman Marcus and Bergdorf Goodman stores open at least a year gained 11 percent, with total revenue up 11.3 percent to $920 million.

For the year to date, revenue for Neiman Marcus and Bergdorf Goodman stores open at least a year climbed 7.5 percent. Total revenue climbed 8.4 percent to $4 billion.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments