Quantcast

Neiman Marcus going public

0

Neiman Marcus, a clothing retailer for mainly rich or wealthy, has filed their forms to go public on Tuesday evening. Neiman Marcus is known by many as a high class Macy’s.The company reported a revenue of $4.8 billion for the year of 2014. There is also a lot of information learned from the documentation. Here are some of the things we have learned from the documentation:

 

  • 79% of Neiman Marcus’ customers are female.
  • 38% have a median household income of more than $200,000.
  • More than 40% of the firm’s sales associates with over a year of service generated over $750,000 of revenues in fiscal year 2014.
  • Neiman Marcus has big plans in New York. This includes a new store coming to Long Island in late 2016 and another New York City store on Manhattan’s West Side at Hudson Yards.
  • The firm is also remodelling more than half of its 43 Neiman Marcus full-line stores, including the Bergdorf Goodman in New York City and Neiman stores in Beverly Hills, Boston, Houston and Palo Alto.
  • It is also planning to increase the number of designer shops by 20% by fiscal year 2016.
  • The MyTheresa business Neiman Marcus bought late last year is growing fast. The business, which is based in Germany, reported revenues of €136 million during the twelve-month period ended June 30, 2015, up 38%.
  • The firm is eyeing further international expansion, saying it may open new stores in Europe, the Middle East and Asia under the Neiman Marcus, Bergdorf Goodman and MyTheresa brands.
  • Neiman Marcus reported a profit for the 39 weeks ending May 2, 2015, of about $48 million. The retailer said that it posted a loss of nearly $148 million for the 52-week period ending August 2, 2014.

The retailer did not announce how much stock it would sell or at what price, but we do know that it will trade under the symbol NMG.

 

Please follow and like us:
Share.

About Author

Comments are closed.

Enjoy this article? Please spread the word :)