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

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

Follow JCK on Instagram: @jckmagazine
Follow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine