Neiman Marcus Posts 15.7% Revenue Increase

The Neiman Marcus Group Inc. reported revenue of $345 million for the five weeks ended Oct. 4, up 15.7% from $298 million last year.

The Dallas firm also reported comparable revenues at Neiman Marcus Direct increased 6.6% during the period.

Based on the current sales trends, the direct marketer and retailer anticipates its comparable store revenue for the first quarter of its fiscal year 2004 to increase as much as 11%.