Luxury Stores Report September Revenues

September sales increased at Saks Incorporated and Neiman Marcus stores
(including Bergdorf Goodman), according to figures released by the luxury
retailers.

Saks announced that sales totaled $256.4 million for the five weeks ended Oct. 2,
2010, compared to $242.2 million for the five weeks ended Oct. 3, 2009,
representing a 5.9 percent increase. Comparable store sales increased 6.5
percent for the month.

For September, the strongest categories at Saks Fifth Avenue stores were
women’s shoes; fashion jewelry; dresses; women’s designer apparel; and men’s
clothing, sportswear, and accessories.

Meanwhile, Neiman Marcus stores announced preliminary company-wide revenues for
September 2010. In the five-week September period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus and Bergdorf
Goodman, increased 3.3 percent. Revenues ending Oct. 2, 2010 totaled $371
million compared to $354 million for the same period ending Oct. 3, 2009,
representing a 4.9 percent increase. 

Revenue growth trends for Neiman Marcus were strongest in California, Texas, the
Southeast, and New York City. The best-performing merchandise categories in the
Specialty Retail Stores segment included women’s shoes and handbags, precious
jewelry, and men’s.

Comparable revenues at Neiman Marcus Direct in the five-week September period
increased 12.4 percent. The top selling merchandise categories in the Direct
Marketing segment included women’s apparel and accessories, shoes, handbags and
men’s.