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Magazine > Industry News > News Content
Luxury retailer Neiman Marcus sees FY06 sales growth
Author: Dallas       9/30/2006 3:25:24 AM
Same-store sales grew 6.6 percent for the fourth quarter and 6.8 percent for the 2006 fiscal year, ended July 29, at luxury department store firm Neiman Marcus Group.

Total fourth-quarter revenue reached $915.5 million, a 9 percent increase over the same period in 2005. Total revenue for fiscal year 2006 reached $4.1 billion, an 8 percent increase over fiscal year 2005.

Operating earnings for the fourth quarter totaled $20.7 million, less than half of the $46.8 million in operating earnings for the same period in 2005. Adjusted operating earnings for the fourth quarter totaled $38.5 million, a slight drop from the $40.6 million in operating earnings for fiscal year 2005.

Operating earnings for fiscal year 2006 totaled $328.1 million, compared with $409 million for fiscal year 2005. Adjusted operating earnings for the fiscal year were $450 million, up 7.6 percent from fiscal year 2005.

In fiscal year 2005, Neiman Marcus' jewelry sales totaled $380 million
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JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..

Furthermore, we provide dance gifts for her prices and special holiday gifts training with professional wholesale and retail business. for examples, we not only sell business casual clothing, handmade earrings, free clothing and diamond cross pendant as a manufacturer and wholesaler, but also provide party apparel gifts info. Besides, while outputing luxurious goods and service, we also offer value packs and free gift cards, such as payless clothing gifts, wholesale jewelry gifts on special events.

Clients all over the world can enjoy our products and service through the internet. For instance, buyers from Jacksonville - Florida - United States, Durham - North Carolina - United States and - - Kansai - Japan.

Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on wedding, dressing tips, dressing guides or general fashion tips for women and for men, gifts and apparel accessories industry news, product kownledge about motorcycle gloves, charm gold pendant and fake iced out jewelry, fashion shows...

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