-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L/0WMCDG1rTkJdZrx4+XDju+GRwz4CYyi4Sy1gHLBGZZxdjlUEhIln3Pp6LFMN8W nMZiTeKY7arjATxhx0HIQw== 0001157523-10-000622.txt : 20100204 0001157523-10-000622.hdr.sgml : 20100204 20100204081655 ACCESSION NUMBER: 0001157523-10-000622 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100204 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20100204 DATE AS OF CHANGE: 20100204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Neiman Marcus, Inc. CENTRAL INDEX KEY: 0001358651 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 203509435 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-133184-12 FILM NUMBER: 10572465 BUSINESS ADDRESS: STREET 1: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-743-7600 MAIL ADDRESS: STREET 1: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 8-K 1 a6167123.htm NEIMAN MARCUS, INC. 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


Form 8-K

CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report February 4, 2010
Date of earliest event reported February 4, 2010


Commission file no. 333-133184-12


Neiman Marcus, Inc.
(Exact name of registrant as specified in its charter)


Delaware

 

20-3509435

(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer

Identification No.)


1618 Main Street
Dallas, Texas

 

75201

(Address of principal executive offices)

(Zip code)


Registrant’s telephone number, including area code: (214) 743-7600



Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 7.01. REGULATION FD DISCLOSURE

The following information is being furnished, not filed, pursuant to Items 2.02 and 7.01. Accordingly, this information will not be incorporated by reference into any registration statement filed by Neiman Marcus, Inc. under the Securities Act of 1933, as amended, unless specifically identified as being incorporated therein by reference.

On February 4, 2010, Neiman Marcus, Inc. issued a press release announcing its revenue results for the four weeks and quarter ended January 30, 2010.  A copy of the press release is attached hereto as Exhibit 99.1.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


NEIMAN MARCUS, INC.

 
 

 

Date: February 4, 2010 By:

/s/ T. Dale Stapleton

 
 

T. Dale Stapleton

Vice President and Controller

(principal accounting officer

of the registrant)

EX-99.1 2 a6167123_ex991.htm EXHIBIT 99.1

Exhibit 99.1

Neiman Marcus, Inc. Reports January Revenues

DALLAS--(BUSINESS WIRE)--February 4, 2010--Neiman Marcus, Inc. announced the following preliminary company-wide revenues for January 2010.

   
4 weeks ended
January 30,

2010

  January 31,

2009

% Change
 
Total Revenues $242 million $223 million 8.3 %
 
Comparable Revenues $238 million $223 million 6.8 %
   
13 weeks ended

(2nd Fiscal Quarter)

January 30,

2010

  January 31,

2009

% Change
 
Total Revenues $1,102 million $1,079 million 2.1 %
 
Comparable Revenues $1,085 million $1,078 million 0.6 %

In the four-week January period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 4.5 percent. Revenue growth trends were the strongest in the Company’s stores in the Southeast and Northeast. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included precious jewelry, women’s couture apparel and dresses, shoes, handbags and men’s.

Comparable revenues at Neiman Marcus Direct in the four-week January period increased 16.0 percent. The top selling merchandise categories in the Direct Marketing segment included women’s apparel, jewelry, handbags, shoes and men’s.

Comparable revenues for Neiman Marcus, Inc. for the second quarter of fiscal year 2010 increased 0.6 percent. For the second quarter of fiscal year 2010 Specialty Retail Stores comparable revenues decreased 0.6 percent which represents a comparable revenue decrease of 2.2 percent at Neiman Marcus Stores and 9.0 percent comparable revenue increase at Bergdorf Goodman. Neiman Marcus Direct second quarter fiscal year 2010 revenues were 5.9 percent above last year.

From a liquidity standpoint, the Company ended the second quarter with approximately $500 million of cash compared to $223 million in the prior year. In addition, the Company had no borrowings outstanding under its $600 million asset-based revolving credit facility.

The Company’s four-week reporting period is consistent with last year and reflects a 4-5-4 week second quarter.


Neiman Marcus, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both online and print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names. Information about the Company can be accessed at www.neimanmarcusgroup.com.

From time to time, the Company may make statements that predict or forecast future events or results, depend on future events for their accuracy or otherwise contain "forward-looking information." These statements are made based on management's expectations and beliefs concerning future events and are not guarantees of future performance.

The Company cautions readers that actual results may differ materially as a result of various factors, some of which are beyond its control, including but not limited to: political or economic conditions; terrorist activities in the United States and elsewhere; disruptions in business at the Company’s stores, distribution centers or offices; changes in consumer confidence resulting in a reduction of discretionary spending on goods; changes in demographic or retail environments; changes in consumer preferences or fashion trends; competitive responses to the Company’s marketing, merchandising and promotional efforts; changes in the Company’s relationships with key customers; delays in the receipt of merchandise; seasonality of the retail business; adverse weather conditions, particularly during peak selling seasons; delays in anticipated store openings or renovations; natural disasters; significant increases in paper, printing and postage costs; litigation that may have an adverse effect on the Company’s financial results or reputation; changes in the Company’s relationships with designers, vendors and other sources of merchandise; the Company’s success in enforcing its intellectual property rights; the effects of incurring a substantial amount of indebtedness under the Company’s senior secured credit facilities, senior notes and senior subordinated notes and of complying with the related covenants and conditions; the financial viability of the Company’s designers, vendors and other sources of merchandise; the design and implementation of new information systems or enhancement of existing systems; changes in foreign currency exchange rates or inflation rates; impact of funding requirements related to the Company’s noncontributory defined benefit pension plan; changes in the Company’s relationships with certain of key sales associates; changes in key management personnel; changes in the Company’s proprietary credit card arrangement that adversely impact its ability to provide consumer credit; or changes in government or regulatory requirements increasing the Company’s cost of operations.

These and other factors that may adversely effect the Company’s future performance or financial condition are contained in its Annual Report in Form 10-K and other reports filed with and available from the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

CONTACT:
Neiman Marcus, Inc.
James E. Skinner, 214-757-2954
Executive Vice President and
Chief Financial Officer
or
Stacie Shirley, 214-757-2967
Vice President – Finance and
Treasurer

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