9/25/13

Neiman Marcus joins the $1 billion e-commerce club

The upscale department store chain boosted web sales 17% in fiscal 2013 to $1.03 billion.

Stefany Zaroban , Associate Director of Research

E-commerce sales and total sales were up in fiscal 2013 for high-end department store Neiman Marcus Group Ltd. Inc. , which for the first time exceeded $1 billion in online sales.

There are 34 retailers in the 2013 Internet Retailer Top 500 Guide with more than $1 billion in 2012 web sales. Neiman Marcus, No. 39 in the Top 500, reported fiscal 2012 online sales of $878.8 billion.

For the fiscal year ended Aug. 3, 2013, Neiman Marcus reported:

Online sales represented 22.2% of total revenue in fiscal 2013, compared with 20.2% last year.

For the fourth quarter, Neiman Marcus also reported:

Online sales represented 22.9% of total revenue during the fourth quarter, compared with 20.8% last year.

Strong fourth quarter and full-year sales results come as Neiman Marcus is preparing for an acquisition. On Sept. 9, private-equity firms TPG Global LLC and Warburg Pincus LLC, which co-own Neiman Marcus, announced their plans to sell the luxury retailer to Ares Management LLC and Canada Pension Plan Investment Board for $6 billion.

Topics:

2013 e-commerce sales, acquisition, Ares Management, e-commerce and retail chains, Neiman Marcus, Top 500, TPG Global

NEWS CATEGORIES Back to Top...