The Neiman Marcus Group Reports March Revenues

    DALLAS--(BUSINESS WIRE)--April 10, 2003--The Neiman Marcus Group,
Inc. (NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary
Company-wide revenues:



                                            5 weeks ended

                                   April 5,       March 30,
                                     2003           2002     % Change
                               ---------------------------------------

Total Revenues                   $274 million   $268 million     2.2%

Comparable Revenues              $267 million   $268 million    (0.5%)


    In the five-week March period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus Stores
and Bergdorf Goodman, decreased 3.3 percent. Revenue growth trends
were the strongest in the Northeast stores. The merchandise categories
in the Specialty Retail Stores segment that performed well included
women's contemporary sportswear, dresses and suits. Additionally,
sales of designer handbags, cosmetics, and ladies' and men's shoes
were strong in March.
    Comparable revenues at Neiman Marcus Direct in the five-week March
period increased 12.5 percent. The top selling merchandise categories
in the Direct Marketing segment included furniture and rugs, linens,
women's contemporary sportswear and ladies' shoes.
    The Company's five-week reporting period is consistent with last
year and reflects a 4-5-4 week third quarter.
    The Neiman Marcus Group includes the Specialty Retail Stores
segment, which consists of Neiman Marcus Stores and Bergdorf Goodman,
and Neiman Marcus Direct, the direct marketing operation. All the
Company's online operations are now included in the Direct Marketing
segment. Previously, certain online operations were included in the
Other business segment.
    Information about the Company can be accessed at
www.neimanmarcusgroup.com.

    This release contains forward-looking statements, including
statements regarding the Company's objectives and expectations
concerning, among other things, its productivity and profitability;
merchandising and marketing strategies; inventory performance; store
renovation and expansion plans; capital expenditures; liquidity; and
development of management information systems. These forward-looking
statements are made based on management's expectations and beliefs
concerning future events, as well as on assumptions made by and data
currently available to management. Therefore, these forward-looking
statements involve a number of risks and uncertainties and are not
guarantees of future performance. A variety of factors could cause the
Company's actual results to differ materially from the anticipated or
expected results expressed in these forward-looking statements.
Factors that could affect future performance include, but are not
limited to: current political and economic conditions; changes in
political and economic conditions that may occur in the future;
continued terrorist activities in the United States, as well as the
potential escalation in the international war on terrorism; changes in
consumer confidence resulting in a reduction of discretionary spending
on goods that are, or are perceived to be, "luxuries"; changes in
demographic or retail environments; changes in consumer preferences or
fashion trends; competitive responses to the Company's marketing,
merchandising and promotional efforts and/or inventory liquidations by
vendors or other retailers; delays in the receipt of merchandise
ordered by the Company due to work stoppages and/or other causes of
delay in connection with either the manufacture or shipment of such
merchandise; seasonality of the retail business; adverse weather
conditions, particularly during peak selling seasons; delays in
anticipated store openings; political, social, economic or other
events resulting in the short or long-term disruption in business at
the Company's stores, distribution centers or offices; natural
disasters; significant increases in paper, printing and postage costs;
litigation that may have an adverse effect on the financial results or
reputation of the Company; changes in the Company's relationships with
designers, vendors and other sources of merchandise; the financial
viability of the Company's designers, vendors and other sources of
merchandise; changes in foreign currency exchange rates; impact of
funding requirements related to the Company's noncontributory defined
benefit pension plan; changes in the Company's relationships with
certain of its 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. The Company undertakes no obligation
to update or revise (publicly or otherwise) any forward-looking
statements to reflect subsequent events, new information or future
circumstances.


    CONTACT: The Neiman Marcus Group, Inc.
             James E. Skinner, 214/743-7625
             Stacie Shirley, 214/757-2967