Fourth quarter revenues for the Specialty Retail Stores segment, which consists of Neiman Marcus Stores and Bergdorf Goodman, were $687 million, compared to $636 million in the previous year. Revenues for the fourth quarter of fiscal year 2005 compared to last year increased 7.0 percent and 14.5 percent at Neiman Marcus Stores and Bergdorf Goodman, respectively.
The Company's Other segment includes the operations of the Kate Spade and Laura Mercier brands.
The Company recorded approximately $1.3 million and $5.4 million of transaction costs in the third and fourth quarters of fiscal year 2005, respectively, related to the pending sale of the Company to an investment group consisting of Texas Pacific Group and Warburg Pincus LLC.
In the first quarter of fiscal year 2005, the Company recorded a pretax loss of approximately $15.3 million or $0.19 per diluted share, for the loss on disposition of Chef's Catalog.
In the fourth quarter of fiscal year 2004, the Company recorded a pretax charge of approximately $3.9 million for the impairment of the Chef's Catalog trade name.
In the second quarter of fiscal year 2004, the Company recorded approximately $7.5 million for the impact of favorable settlements associated with previous tax filings.
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.
marketing@alchempro.com
