Internet sales dropped for Neiman Marcus in Q4

Internet sales dropped in the fourth quarter of fiscal 2009 for Neiman Marcus Inc. But the drop in online revenue wasn’t nearly as deep as the fall-off in total sales and for other segments.

For the fourth quarter of fiscal 2009 ended Aug. 1, Neiman Marcus reported:

• Web sales declined 14.0% to $112.0 million from $130.3 million.
• Total sales declined 25.6% to $768.0 million from $1.03 billion.
• The web accounted for 14.6% of total sales compared with 12.6% in the prior year.
• Specialty retail sales declined 27.1% to $628.0 million from $861.6 million. The retailer didn’t provide a figure for comparable-store sales.
• Direct market sales decreased 18.0% to $140.0 million from $170.7 million.
• Catalog sales declined 30.7% to $28.0 million from $40.4 million.
• Neiman Marcus had a net loss of $168.6 million compared with a net loss of $35.7 million in the prior year. The bigger net loss for the quarter reflects a non-cash pretax impairment of certain assets valued at $143.1 million, the company says.

For the full 2009 fiscal year Neiman Marcus reported:

• Web sales declined 12.1% to $496.0 million from $564.5 million.
• Total sales declined 20.9% to $3.64 billion from $4.60 billion.
• The web accounted for 13.6% of total sales compared with 12.3% in the prior year.
• Specialty retail sales declined 22.3% to $2.99 billion from $3.85 billion. The retailer didn’t provide a figure for comparable-store sales.
• Direct market sales decreased 12.8% to $652.0 million from $747.5 million.
• Catalog sales declined 14.8% to $156.0 million from $183.0 million.
• Neiman Marcus had a net loss of $668.0 million compared with net income of $142.8 million in the prior year.