June 5, 2013, 8:58 AM

The web grows 15% for Neiman Marcus in Q3

Total revenue grew 4% while specialty store sales were flat.

Mark Brohan

Research Director

Lead Photo

Store sales and total revenue for The Neiman Marcus Group Inc. grew only slightly in the third quarter, but it's a different story for e-commerce.

For the third quarter of fiscal 2013 ended April 27, Neiman Marcus, No. 39 in the Internet Retailer 2013 Top 500 Guide, reports:

  • E-commerce sales grew 15.1%to $242.6 million from $210.8 million in the third quarter of fiscal 2012.
  • Total sales grew year over year 3.8% to $1.10 billion from $1.06 billion.
  • Specialty retail sales increased 1.0% to $855.7 million from $846.9 million.
  • Comparable-store sales weren’t disclosed.
  • Net earnings increased 13.1% to $70.8 million from $62.6 million in the third quarter of fiscal 2012.

The web accounted for 22.1% of total sales compared with 19.9% in the third quarter of 2012.

For the first nine months of fiscal 2013, Neiman Marcus also reported:

  • E-commerce sales grew 11.3% to $744.5 million from $669.0 million in the first three quarters of fiscal 2012.
  • Total sales grew year over year 5.7% to $3.53 billion from $3.34 billion.
  • Specialty retail sales increased 3.0% to $2.75 billion from $2.67 billion.
  • Net earnings increased 6.5% to $402.5 million from $378.1 million in the first three quarters of fiscal 2012.

The web accounted for 21.1% of total sales compared with 20.0% in the first three quarters of fiscal 2012.

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