March 04, 2015 10:54 AM ET

Multiline Retail

Company Overview of Neiman Marcus Group LTD LLC

Company Overview

Neiman Marcus Group LTD LLC, through its subsidiary, the Neiman Marcus Group, Inc., operates as a luxury retailer in the United States. The company operates through two segments, Specialty Retail Stores and Online. The Specialty Retail Stores segment offers luxury merchandise, including women’s couture and designer apparel, contemporary sportswear, handbags, fashion accessories, shoes, cosmetics, men’s clothing and furnishings, precious and designer jewelry, decorative home accessories, fine china, crystal and silver, children’s apparel, and gift items. This segment operates 41 Neiman Marcus full-line stores in the United States, and 2 Bergdorf Goodman stores on Fifth Avenue in New York City...

1618 Main Street

Dallas, TX 75201

United States

16,500 Employees



Key Executives for Neiman Marcus Group LTD LLC

Chief Executive Officer, President, Director, Chief Executive Officer of Neiman Marcus Group and President of Neiman Marcus Group
Age: 57
President, Chief Merchandising Officer, President of Neiman Marcus and Chief Merchandising Officer of Neiman Marcus
Age: 50
Chief Operating Officer, Chief Financial Officer and Executive Vice President
Age: 61
President of Neiman Marcus Stores & Online
Age: 44
President of Bergdorf Goodman
Age: 43
Compensation as of Fiscal Year 2014.

Neiman Marcus Group LTD LLC Key Developments

Neiman Marcus Group LTD LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 1, 2014; Provides Capital Expenditure Guidance for the Fiscal Year 2015

Neiman Marcus Group LTD LLC reported unaudited consolidated earnings results for the first quarter ended November 1, 2014. For the first quarter of fiscal year 2015, the company reported total revenues of $1,186,492,000 compared to $1,129,138,000 in the prior year. Comparable revenues increased 5.5%. Including other expenses of $17.6 million and $113.7 million under other items, the company reported net earnings of $196,000 compared to a net loss of $13,098,000 in the prior year. EBITDA was $166.1 million compared to EBITDA of $78.1 million in the first quarter of fiscal year 2014. Excluding the Other Items, Adjusted EBITDA was $185.9 million compared to adjusted EBITDA of $193.2 million in the first quarter of fiscal year 2014. Operating earnings were $73,085,000 against $32,136,000 a year ago. Earnings before income taxes were $475,000 against loss of $5,179,000 a year ago. Capital expenditures were $56.4 million against $36.0 million a year ago. It's a $20 million increase or an increase of approximately 57%. The majority of the CapEx was spent on store remodels, new stores and numerous IT projects, including NMG1. The company expects the full year fiscal 2015 tax rate to be approximately 39.5%. And from its cash tax basis, the company expects it to be a higher rate due to the impact of the amortization expense, which is not deductible for cash tax purposes. For the fiscal 2015, the company currently expects capital expense on a gross basis to be in the range of $300 million to $320 million; and on a net basis, approximately $265 million to $285 million.

Neiman Marcus Group LTD LLC, Q1 2015 Earnings Call, Dec 09, 2014

Neiman Marcus Group LTD LLC, Q1 2015 Earnings Call, Dec 09, 2014

Neiman Marcus Group Inc. Appoints Sarah Hendrickson as Chief Information Security Officer for Children's Medical Center, Effective November 3, 2014

Neiman Marcus Group Inc. has named its first chief information security officer, Sarah Hendrickson, who took her post November 3. The company appointed Hendrickson, a former GuideIT employee contracted as CISO for Children's Medical Center. Hendrickson will report to CIO Michael Kingston. Prior to working at Children's Medical Center, Hendrickson served as the CISO for Accelion Inc., as the compliance officer for health care security for Dell in Plano and as senior manager in IT risk and Security for J.C. Penny in Plano. The CISO's responsibilities were to include developing a security and risk management program, manage the company's security organization, creating security and risk management training programs, facilitating IT risk analysis and developing disaster recovery policies and standards.

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