July 26, 2014 6:13 AM ET

Multiline Retail

Company Overview of Neiman Marcus Group LTD LLC

Company Overview

Neiman Marcus Group LTD Inc., 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 Cit...

1618 Main Street

Dallas, TX 75201

United States

15,700 Employees

Phone:

214-743-7600

Key Executives for Neiman Marcus Group LTD LLC

Chief Executive Officer
Age: 57
President
Age: 50
Chief Operating Officer
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 Incorporated Appoints Mike West as Senior Vice President, Distribution, Logistics and Fulfillment

Neiman Marcus Incorporated announced that Mike West has joined the company as Senior Vice President, Distribution, Logistics and Fulfillment. Mike has over 20 years of executive and global experience in logistics, distribution, fulfillment, as well as store management. He joined Neiman Marcus from ANN INC. where he was Senior Vice President, both Logistics and Distribution. He also spent over 12 years with Target Corporation, where he held various positions, including Vice President, Global Logistics.

Neiman Marcus Group LTD LLC Announces Unaudited Consolidated Earnings Results for the Thirteen Weeks and Thirty Nine Weeks Ended May 3, 2014; Provides Capital Expenditure Guidance for the Fiscal 2014

Neiman Marcus Group LTD LLC announced unaudited consolidated earnings results for the thirteen weeks and thirty nine weeks ended May 3, 2014. For the thirteen weeks, the company reported revenues of $1,164,720,000, operating earnings of $71,732,000, profit before income taxes of $10,490,000, net loss of $2,666,000 against revenues of $1,098,267,000, operating earnings of $150,279,000, profit before income taxes of $117,933,000, net profit of $70,765,000 in April 27, 2013. Gross capital expenditures were $42.1 million against $30.3 million in April 27, 2013. Net capital expenditures were about $40 million. EBITDA was $149.1 million against $196.0 million in April 27, 2013. Adjusted EBITDA was $188.1 million against $206.6 million in April 27, 2013. Adjusted net earnings were $45.1 million against $78.7 million in April 27, 2013. Part of the decrease in adjusted EBITDA was due to a shift in the timing of the company’s markdown of approximately $50 million from the fourth quarter of last year to the third quarter of this year. For the thirty nine weeks, the company reported revenues of $3,726,651,000, operating earnings of $51,356,000, loss before income taxes of $146,040,000, net loss of $94,449,000 against revenues of $3,726,000, operating earnings of $402,515,000, profit before income taxes of $267,750,000, net profit of $160,816,000 in April 27, 2013. Gross capital expenditures were $111.6 million against $103.6 million in April 27, 2013. EBITDA was $252.2 million against $538.9 million in April 27, 2013. Adjusted EBITDA was $571.9 million against $564.8 million in April 27, 2013. Adjusted net earnings were $150.7 million against $189.4 million in April 27, 2013. For fiscal 2014, the company expects the total capital expenditures on a gross basis to be in the range of about $165 million to $175 million and on a net basis, approximately $155 million to $165 million.

Neiman Marcus Group LTD LLC, Q3 2014 Earnings Call, Jun 12, 2014

Neiman Marcus Group LTD LLC, Q3 2014 Earnings Call, Jun 12, 2014

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