US department store operator Neiman Marcus saw fourth-quarter revenues increase because of strong gains in the company’s online business.
Total revenues for the quarter ending 28 July increased 9.3% to US$1.01bn, while comparable revenues climbed 7.9% to $991m.
Comparable sales for the direct division jumped 18.8% due to strong sales of women’s contemporary sportswear, shoes, men’s along with handbags and beauty.
Meanwhile, comparable revenues for the specialty retail stores segment climbed 5.3% on the back of increased sales of women’s shoes, men’s, beauty and jewellery. Growth was strongest in Neiman’s stores in Texas and the Southeast.
For the full-fiscal year, total revenues jumped 8.6% to $4.35bn, while comparable revenues increased 7.9% to $4.32bn.
Neiman Marcus will release its fourth-quarter earnings results on 12 September.