Exhibit 99.1

            The Neiman Marcus Group Reports April Revenues


    DALLAS--(BUSINESS WIRE)--May 8, 2003--The Neiman Marcus Group,
Inc. (NYSE:NMG.A) (NYSE:NMG.B) announced the following preliminary
company-wide revenues:

                                    4 weeks ended

                               May 3,           April 27,
                                2003              2002        % Change
                            ------------      ------------    --------
Total Revenues              $240 million      $226 million      6.1%

Comparable Revenues         $234 million      $226 million      3.2%


                                      13 weeks ended
                                   (3rd Fiscal Quarter)

                               May 3,           April 27,
                                2003              2002        % Change
                            ------------      ------------    --------
Total Revenues              $723 million      $693 million      4.4%

Comparable Revenues         $703 million      $693 million      1.5%


    In the four-week April period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus stores
and Bergdorf Goodman, increased 1.1 percent. Top merchandise
categories were contemporary sportswear, designer jewelry, beauty and
designer handbags.
    Comparable revenues at Neiman Marcus Direct for the four-week
April period increased 16.4 percent. In the direct-to-consumer
business, the Neiman Marcus brand experienced the highest
year-over-year sales performance, supported by strong sales in the
women's apparel, ladies' shoes, linens and tabletop categories.
    Comparable revenues for the Neiman Marcus Group for the third
quarter of fiscal year 2003 increased 1.5 percent. For the third
quarter of fiscal year 2003, Specialty Retail Stores comparable
revenues decreased 0.3 percent. Neiman Marcus Direct third quarter
fiscal year 2003 revenues were 10.8 percent above last year.
    The Company currently expects earnings in the range of $0.82 to
$0.87 per share for the third quarter of fiscal year 2003.
    The Neiman Marcus Group plans to report third quarter earnings on
Wednesday, June 4, 2003 after the market closes. The release will be
followed by a conference call that will be simultaneously webcast.
    The Company's four-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. The
operations of NeimanMarcus.com, previously included in the Other
business segment, is now included in the Direct Marketing 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
                 or
             Stacie Shirley, 214/757-2967