The Neiman Marcus Group experienced a 2.8% decline in comparable revenue in December, despite an increase in direct marketing sales.
The Dallas-based retailer reported $473 million in revenue, compared with $474 million during the same period in 2001. Comparable revenue totaled $460 million, down from $473 million.
Comparable revenue increased by 2.6% at the Neiman Marcus Direct division, supported by furniture, home and linen sales. Horchow was the strongest brand.
The drop in retail sales was due, in part, to disappointing sales in the jewelry and gift categories, the firm said.
The company said it expects comparable store sales to be flat during the second quarter of fiscal 2003.
