Exhibit 99.1

              The Neiman Marcus Group Declares Quarterly Dividend

     DALLAS--(BUSINESS WIRE)--June 21, 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 August 12, 2005 to shareholders of record at close of
business on July 29, 2005.
     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 affect 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