EXHIBIT 99

The Neiman Marcus Group Raises Quarterly Dividend to $0.15 Per Share

    DALLAS--(BUSINESS WIRE)--Jan. 14, 2005--The Neiman Marcus Group,
Inc. (NYSE:NMG.A) (NYSE:NMG.B) announced today that its Board of
Directors has declared a quarterly cash dividend of $0.15 per share
for its Class A and Class B common stock, payable on Feb. 11, 2005, to
shareholders of record at close of business on Jan. 28, 2005.
    The dividend is an increase over the previous quarterly dividend
rate of $0.13 per share, first declared by The Neiman Marcus Group
Board of Directors in January 2004.
    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 or escalation in
the international war on terrorism; 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
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 key customers; 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 and 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 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; 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: The Neiman Marcus Group, Inc.
             James E. Skinner, 214-743-7625
             or
             Stacie Shirley, 214-757-2967