Company Overview of Neiman Marcus Group, Inc.
Neiman Marcus Group, Inc., through its subsidiaries, operates as an omni-channel luxury fashion retailer primarily in the United States. It provides women’s couture and designer apparel, contemporary sportswear, men’s clothing and accessories, children’s apparel, handbags, shoes, cosmetics, and precious and designer jewelry; and decorative home accessories, fine China products, crystal and silver products, and gift items under the Neiman Marcus, Bergdorf Goodman, and MyTheresa brand names. The company also offers off-price fashion products catering to price-sensitive customers under the Last Call brand; fashion products catering to younger customers focused on contemporary styles under the C...
1618 Main Street
One Marcus Square
Dallas, TX 75201
Key Executives for Neiman Marcus Group, Inc.
Chief Executive Officer, President and Director
President and Chief Merchandising Officer
Chief Financial Officer, Chief Operating Officer and Executive Vice President
President of Bergdorf Goodman and President of NMG International
President of Neiman Marcus Stores and Online
Compensation as of Fiscal Year 2015.
Neiman Marcus Group, Inc. Key Developments
Neiman Marcus Announces Resignation of Wanda Gierhart as Chief Marketing Officer
Mar 30 16
Neiman Marcus' chief marketing officer Wanda Gierhart is leaving the position to focus on other interests. Gierhart joined Neiman in 2008.
Neiman Marcus Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended January 30, 2016; Provides Capital Expenditure Guidance for the Fiscal Year 2016
Mar 15 16
Neiman Marcus Incorporated reported earnings results for the second quarter and six months ended January 30, 2016. Total sales in the quarter were $1.49 billion for a comparable revenue decrease of approximately 2.4% compared to second quarter of last year. Adjusted EBITDA was $183 million compared to $206 million last year for a decrease of approximately 11%. Capital expenditures for the quarter on a gross basis were $79 million compared to $63 million last year. The company posted $7.88 million in net income for the quarter, down more than $20 million from $27.82 million in earnings during second quarter 2015.
For the year-to-date, gross capex was $154 million compared to approximately $119 million last year. The company's sales for the first half of the fiscal year are also down. The company reported total revenues of $2.65 billion for the 26 weeks ended Jan. 30, representing a 2.1% decrease over fiscal 2015. The company also posted a $2.65 million loss for the first half of 2016, compared to $28.01 million in earnings during the first half of 2015.
For fiscal 2016, the company currently expect capital expenditures on a gross basis to be in the range of $315 million to $325 million and on a net basis, approximately $260 million to $270 million.
Neiman Marcus Group, Inc. to Report Q2, 2016 Results on Mar 15, 2016
Mar 10 16
Neiman Marcus Group, Inc. announced that they will report Q2, 2016 results on Mar 15, 2016
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