-----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, FYx8mPQbVAO8H6Cq3R6iNhwXAlhs13cCrl10+PK4mzyEmHExd/glcBC+kRHe+UW3 APWoWmYM0jAS9fmXS6w2aA== 0000950134-02-011608.txt : 20020924 0000950134-02-011608.hdr.sgml : 20020924 20020923183243 ACCESSION NUMBER: 0000950134-02-011608 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020923 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEIMAN MARCUS GROUP INC CENTRAL INDEX KEY: 0000819539 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 954119509 STATE OF INCORPORATION: DE FISCAL YEAR END: 0801 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09659 FILM NUMBER: 02770463 BUSINESS ADDRESS: STREET 1: ONE MARCUS SQUARE STREET 2: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-741-6911 MAIL ADDRESS: STREET 1: ONE MARCUS SQUARE STREET 2: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 8-K 1 d99964e8vk.htm FORM 8-K The Neiman Marcus Group, Inc.
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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 (Date of Earliest event reported) September 23, 2002

The Neiman Marcus Group, Inc.

(Exact name of registrant as specified in its charter)

Commission file no. 1-9659

     
Delaware
(State or other jurisdiction of
incorporation or organization)
  95-4119509
(I.R.S. Employer
Identification No.)
 
One Marcus Square
1618 Main Street
Dallas, Texas

(Address of principal executive offices)
  75201
(Zip code)

Registrant’s telephone number, including area code: (214) 741-6911


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



 


================================================================================

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
ITEM 9. REGULATION FD DISCLOSURE.
SIGNATURES
EXHIBIT INDEX
EX-99.1 Table


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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

  (a)   Financial Statements of Businesses Acquired.
 
      None.
 
  (b)   Pro Forma Financial Information.
 
      None.
 
  (c)   Exhibits.
 
      99.1

ITEM 9. REGULATION FD DISCLOSURE.

The Neiman Marcus Group, Inc. (the Company) has two reportable segments: Specialty Retail Stores and Direct Marketing. The remainder of the Company’s operations is reported as Other.

The Specialty Retail Stores segment includes all Neiman Marcus and Bergdorf Goodman retail stores, including Neiman Marcus clearance stores. Beginning in the fourth quarter of fiscal year 2002, the Company realigned its Direct Marketing segment to include all the Company’s online operations. As a result, the Company is restating the financial information with respect to the operating results of its Direct Marketing segment and Other for periods prior to the change.

Current basis of presentation – Subsequent to the realignment, all the Company’s direct marketing operations, both through printed catalogues and online operations, are conducted by its Neiman Marcus Direct division. Neiman Marcus Direct publishes print catalogues under the Neiman Marcus, Horchow and Chef’s Catalogue brand names. In addition, Neiman Marcus Direct also operates the NeimanMarcus.com, ChefsCatalog.com and Horchow.com websites.

Other consists of the operations of Kate Spade LLC and Gurwitch Bristow Products, LLC and corporate expenses.

Prior basis of presentation – Prior to the realignment, the Direct Marketing segment did not include the operations of the Company’s NeimanMarcus.com website. Rather, the operating results of NeimanMarcus.com were included in the Other segment, along with the operating results of Kate Spade LLC and Gurwitch Bristow Products, LLC and corporate expenses.

The attached table, filed as Exhibit 99.1, presents quarterly and annual revenues and operating earnings (losses) for the Company’s Direct Marketing segment and Other using both the current and prior basis of presentation for the fiscal years ended August 3, 2002 and July 28, 2001.

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.

       THE NEIMAN MARCUS GROUP, INC. (Registrant)

                 
Date:   September 23, 2002   By:   /s/ T. Dale Stapleton
 
  T. Dale Stapleton
Vice President and Controller
(principal accounting officer
of the registrant)

 


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EXHIBIT INDEX

     
 
EXHIBIT
NUMBER
  DESCRIPTION

 
99.1   Table which presents quarterly and annual revenues and operating earnings (losses) for the Company’s Direct Marketing segment and Other using both the current and prior basis of presentation for the fiscal years ended August 3, 2002 and July 28, 2001.
EX-99.1 3 d99964exv99w1.htm EX-99.1 TABLE The Neiman Marcus Group, Inc.
 

EXHIBIT 99.1

The Neiman Marcus Group, Inc.
Selected Segment Information
Fiscal Years ended August 3, 2002 and July 28, 2001

                                           
      Quarter ended        
     
  Year ended
(in thousands, except comparable   October 27,   January 26,   April 27,   August 3,   August 3,
revenues percentage)   2001   2002   2002   2002 (1)   2002 (1)

 
 
 
 
 
Current Basis of Presentation:
                                       
Direct Marketing:
                                       
 
Revenues
  $ 101,798     $ 144,394     $ 101,749     $ 96,078     $ 444,019  
 
Comparable revenues increase (decrease)
    (2.8 %)     1.2 %     1.3 %     0.7 % (2)     0.2 % (3)
                                           
 
Operating earnings (losses)
  $ (2,325 )   $ 8,279     $ 10,356     $ 6,525     $ 22,835  
Other:
                                       
 
Revenues
  $ 18,404     $ 17,978     $ 17,632     $ 17,104     $ 71,118  
 
Operating losses
  $ (3,315 )   $ (2,694 )   $ (5,659 )   $ (7,325 )   $ (18,993 )
Prior Basis of Presentation:
                                       
Direct Marketing:
                                       
 
Revenues
  $ 96,583     $ 132,075     $ 92,866     $ 86,100     $ 407,624  
 
Comparable revenues increase (decrease)
    (6.1 %)     (4.4 %)     (4.1 %)     (6.0 %)(2)     (5.1 %)(3)
 
Operating earnings
  $ 508     $ 8,522     $ 11,528     $ 7,344     $ 27,902  
Other:
                                       
 
Revenues
  $ 23,619     $ 30,297     $ 26,515     $ 27,082     $ 107,513  
 
Operating losses
  $ (6,148 )   $ (2,937 )   $ (6,831 )   $ (8,144 )   $ (24,060 )

[Additional columns below]

[Continued from above table, first column(s) repeated]
                                           
      Quarter ended      
     
  Year ended
(in thousands, except comparable   October 28,   January 27,   April 28,   July 28,   July 28,
revenues percentage)   2000   2001   2001   2001   2001

 
 
 
 
 
Current Basis of Presentation:
                                       
Direct Marketing:
                                       
 
Revenues
  $ 104,742     $ 142,631     $ 100,443     $ 90,063     $ 437,879  
 
Comparable revenues increase (decrease)
    10.2 %     10.7 %     6.0 %     3.7 %     8.0 %
                                           
 
Operating earnings (losses)
  $ 1,770     $ 5,150     $ 4,419     $ (274 )   $ 11,065  
Other:
                                       
 
Revenues
  $ 19,895     $ 20,364     $ 17,568     $ 15,022     $ 72,849  
 
Operating losses
  $ (971 )   $ (602 )   $ (1,781 )   $ (5,306 )   $ (8,660 )
Prior Basis of Presentation:
                                       
Direct Marketing:
                                       
 
Revenues
  $ 102,764     $ 138,252     $ 96,789     $ 86,554     $ 424,359  
 
Comparable revenues increase (decrease)
    8.3 %     8.8 %     3.8 %     1.0 %     5.9 %
 
Operating earnings
  $ 6,587     $ 7,515     $ 6,743     $ 3,118     $ 23,963  
Other:
                                       
 
Revenues
  $ 21,873     $ 24,743     $ 21,222     $ 18,531     $ 86,369  
 
Operating losses
  $ (5,788 )   $ (2,967 )   $ (4,105 )   $ (8,698 )   $ (21,558 )


(1)   Includes 53rd week.
 
(2)   Comparable revenues presented are for the 13 week period ended July 27, 2002 compared to the 13 week period ended July 28, 2001.
 
(3)   Comparable revenues presented are for the 52 week period ended July 27, 2002 compared to the 52 week period ended July 28, 2001.

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