Neiman Marcus grows Q2 web sales 36%

The Neiman Marcus Group Inc. is reporting strong web sales for the second quarter and the first half of its 2006 fiscal year.

While total sales for the second quarter grew 9% to $1.23 billion from $1.12 billion in Q2 2005, web sales grew 36.2% to $134.1 million from $98.5 million in Q2 2005. Overall the web accounted for 11% of total sales in the second quarter compared with 9% in Q2 2005.

For the first six months of its 2006 fiscal year, Neiman Marcus, No. 36 in the Internet Retailer Top 400 Guide to Retail Web Sites, grew web sales 34% to $213.4 million from $159.2 million for the same period in fiscal 2005. By comparison, total sales grew 8.3% from total sales of $2.04 billion in the first half of fiscal 2005 to $2.21 billion for the first two quarters of fiscal 2006.