October 7, 2009 |
With even super-affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book with a nod to this new frugality. More than 40% of the gifts in the catalog's 83rd edition cost less than $250.
October 7, 2007 |
WHERE would we be without Neiman Marcus? Without the opportunity to buy a $35-million Boeing jet, a personal dirigible, a pair of camels or his and hers action figures in the buyers' likenesses -- and all at your neighborhood department store? And where would we be without 39 of these stores nationwide, each bearing the unmistakable NM logo that has come to symbolize everything that's garish and elegant, extravagant and outlandish?
August 17, 2005
Neiman Marcus Group Inc. shareholders approved the $5.1-billion sale of the luxury retailer to buyout firms Texas Pacific Group and Warburg Pincus, which plan to expand the company as demand for designer goods surges.
April 30, 2005 |
Neiman Marcus Group Inc. got bids from three buyout groups by its deadline, people familiar with matter said. Neiman Marcus received offers from three investment groups: Blackstone Group and Thomas H. Lee Partners; Kohlberg Kravis Roberts & Co. and Bain Capital; and Texas Pacific Group and Warburg Pincus, people involved with all of the groups said. The board of Dallas-based Neiman Marcus will meet over the weekend to consider the offers.
March 17, 2005 |
Capitalizing on a white-hot luxury market, Neiman Marcus -- the department store chain whose name is synonymous with status shopping -- said Wednesday that it might put itself up for sale. Neiman Marcus Group Inc. said that it was "exploring various strategic alternatives to enhance shareholder value," including selling itself, but that it might end up doing nothing. The retailer's stock jumped on the news, as investors considered the prospect of a bidding war for the firm.
June 3, 2004 |
Upscale department-store retailer Neiman Marcus Group Inc. said fiscal third-quarter profit rose 67% as sales registered their biggest gain in almost eight years and the company controlled costs. Net income rose to $68.8 million, or $1.40 a share, meeting expectations, from $41.1 million, or 87 cents, a year earlier. Sales rose 21% to $878 million, the Dallas-based company said. Chief Executive Burton Tansky is selling more goods at full price and reducing inventory.