Upscale retailer Neiman Marcus Group Inc. on Thursday said revenues at stores open at least a year fell 3% during the holiday season.
The company said that among the merchandise categories that performed well in December were designer jewelry, contemporary sportswear, women’s shoes, handbags, and cosmetics, it said.
The Dallas company said total revenues for the five weeks ended Dec. 29 fell 1.9%, to $475 million from $484 million a year earlier. Revenues in the specialty retail stores segment, which includes Neiman Marcus and Bergdorf Goodman, fell 4.4%.
Neiman Marcus Group said total revenues for the 22 weeks ended Dec. 29 fell 5.7%, to $1.41 billion from $1.50 billion a year earlier, while same-store revenues fell 6.7%, to $1.40 billion from $1.50 billion.
The strongest performances in revenues in December were in stores in the Midwest, it said.