December 14, 2010, 5:09 PM

Web sales continue to grow at Neiman Marcus in Q1

Web sales and total sales grew by 16.9% and 6.7%, respectively, in the first quarter.

Lead Photo

 Web and total sales grew in the first quarter of 2011 for The Neiman Marcus Group Inc.

 For the quarter ended Oct. 30, Neiman Marcus, No. 41 in the Internet Retailer Top 500 Guide, reported:

  • Internet sales of $139.0 million, a 16.9% increase from about $118.9 million in the prior year period.
  • Total sales of $927.2 million, up by 6.7% from $868.9 million.
  • Direct market sales, which include catalog and web, of $166.0 million, a 12.8% increase from $147.2 million in the first quarter of fiscal 2010.
  • Comparable-store sales, which the company calls comparable revenue, increased 5.1%.
  • Net income of $25.7 million compared with $8.5 million in the first quarter of fiscal 2010.

 Internet Retailer calculates that e-commerce represented 15% of total sales in Q1 of 2011, compared with 13.7% in the same period last year.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Don Davis / E-Commerce

Alibaba and Amazon: then and now

The two e-commerce giants increasingly cross paths as they expand. Will they become arch-rivals, or ...

FPO

Ken Burke / B2B E-Commerce

Thriving in the brave new world of B2B

As executives at manufacturers, wholesalers and distributors map out their e-commerce investments, they have many ...

Advertisement