Exhibit 99.1

           The Neiman Marcus Group Reports December Revenues

   DALLAS--(BUSINESS WIRE)--Jan. 8, 2004--The Neiman Marcus Group,
Inc. (NYSE:NMG.A)(NYSE:NMG.B) announced the following preliminary
Company-wide revenues:

                                       5 weeks ended

                          January 3,       January 4,
                             2004             2003          % Change
                       ---------------- ----------------- -----------

Total Revenues           $544 million     $473 million          15.0%

Comparable Revenues      $543 million     $473 million          14.8%


   For the combined nine weeks of November and December 2003,
comparable revenues increased 11.4 percent for The Neiman Marcus
Group, Inc.
   In the five-week December period, comparable revenues in the
Specialty Retail Stores segment, which includes Neiman Marcus Stores
and Bergdorf Goodman, increased 12.6 percent. Revenue growth trends
were the strongest in the Company's stores in the Northeast and
Southeast. Merchandise that sold well in the Specialty Retail Stores
segment included women's contemporary sportswear and fine apparel,
designer handbags, women's shoes, designer jewelry and men's.
   Comparable revenues at Neiman Marcus Direct in the five-week
December period increased 27.0 percent. Top selling merchandise in the
Direct Marketing segment included women's contemporary sportswear,
women's shoes, jewelry and cosmetics.
   Based on the current sales trends, the Company anticipates its
comparable store revenues for the second quarter of fiscal year 2004
to increase in the range of 10 percent to 11 percent.
   The Company's five-week reporting period is consistent with last
year and reflects a 4-5-4 week second quarter.
   The Neiman Marcus Group, 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 print
catalog and online operations under the Neiman Marcus, Horchow and
Chef's Catalog brand names. 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. 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; terrorist activities
in the United States, as well as the potential escalation in the
international war on terrorism; 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; 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; changes in the Company's relationships
with its key customer; 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; 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; the design and
implementation of new information systems as well as enhancements of
existing systems; 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