Exhibit 99.1

                 The Neiman Marcus Group Reports June Revenues


    DALLAS--(BUSINESS WIRE)--July 7, 2005--The Neiman Marcus Group,
Inc. (NYSE:NMG.A) (NYSE:NMG.B) announced the following preliminary
Company-wide revenues:

                                 5 weeks ended
                            July 2,          July 3,
                             2005              2004          % Change
                       ----------------- ---------------- ------------

Total Revenues           $351 million      $324 million           8.2%

Comparable Revenues      $348 million      $319 million           9.2%

    Comparable revenues for the five weeks ended July 3, 2004 exclude
the sales of Chef's Catalog prior to its disposition in November 2004.
    In the five-week June period, comparable revenues in the Specialty
Retail Stores segment, which includes Neiman Marcus Stores and
Bergdorf Goodman, increased 7.6 percent. Revenue growth trends were
the strongest in the Company's stores in the Southeast and West. The
merchandise categories in the Specialty Retail Stores segment that
performed the strongest included women's contemporary sportswear and
fine apparel, men's shoes, accessories, jewelry and designer handbags.
    Comparable revenues at Neiman Marcus Direct in the five-week June
period increased 22.2 percent. The top selling merchandise categories
in the Direct Marketing segment included women's shoes, handbags,
accessories, jewelry, women's apparel and men's.
    The Company currently expects comparable store revenues for the
fourth quarter of fiscal 2005 to increase in the range of 7 percent to
9 percent compared to last year versus the fourth quarter of fiscal
year 2004 increase in comparable revenues of 12.6 percent.
    The Company's five-week reporting period is consistent with last
year and reflects a 4-5-4 week fourth 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
Bergdorf Goodman brand names. Information about the Company can be
accessed at www.neimanmarcusgroup.com.
    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" such as
forecasts of revenue contained in this release. 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; changes in the Company's
relationships with key customers; delays in the receipt of
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 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