11/28/12

Web sales grow 13.5% for Neiman Marcus in Q1

E-commerce accounted for 20% of all sales and 40% of all sales growth.

Mark Brohan , Research Director

It was a good first quarter overall for The Neiman Marcus Group Inc., and the biggest growth came from the web.

For the first quarter of fiscal 2013 ended Oct. 27, Neiman Marcus, No. 41 in the 2012 Internet Retailer Top 500 reported:

The web accounted for 20.3% of total sales compared with 19.1% in the first quarter of fiscal 2012. E-commerce also accounted for 39.8%, or $25.9 million, of growth in sales of $65.0 million across all channels.

Neiman Marcus also announced yesterday that it has begun selling internationally to online shoppers in more than 100 countries. The retailer selected FiftyOne Global eCommerce to handle payments, currency conversions and customs details for shipping the goods out of the United States.

Topics:

e - commerce, earnings results, FiftyOne Global Ecommerce, financials, first quarter results, international e-commerce, Neiman Marcus, retail sales, Top 500

NEWS CATEGORIES Back to Top...