DALLAS–Sept. 9, 2004–The Neiman Marcus Group, Inc. (NYSE:NMG.A)(NYSE:NMG.B) announces the appointment of Steven Dennis as Senior Vice President, Strategy, Business Development and Multi-Channel Marketing. Mr. Dennis will report to Burton M. Tansky, President and Chief Executive Officer of The Neiman Marcus Group.
Prior to this appointment, Mr. Dennis spent twelve years with Sears, Roebuck and Co, where he held positions of increasing responsibility in strategy, new business development, general management and marketing. His most recent position was Vice President, Corporate Strategy. During his tenure with Sears, Steven led their multi-channel efforts and played a key role in the creation of the new “Sears Grand” store concept and the acquisition of Lands` End. Prior to Sears, he spent five years with The NutraSweet Company in a variety of business development and new product marketing roles, and two years with Booz, Allen & Hamilton, Inc. as a strategy consultant. Mr. Dennis received a Bachelor of Arts degree from Tufts University and an M.B.A. from The Harvard Business School.
“Steven`s depth of experience in the retail industry makes him a very valuable addition to our management team,” said Burton M. Tansky, President and Chief Executive Officer. “We are committed to growing our core business while also exploring new opportunities and I am confident that Steven`s strengths and expertise will help us realize our long-term strategic goals.”
The Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Horchow and Chef`s Catalog brand names. Information about the Company can be accessed at www.neimanmarcusgroup.com.
From time to time, the Company may make statements that predict or forecast future events or results, depend on future events for their accuracy or otherwise contain “forward-looking information.” These statements are made based on management`s expectations and beliefs concerning future events and are not guarantees of future performance.
The Company cautions readers that actual results may differ materially as a result of various factors, some of which are beyond its control, including but not limited to: political or economic conditions; terrorist activities in the United States or escalation in the international war on terrorism; disruptions in business at the Company`s stores, distribution centers or offices; changes in consumer confidence resulting in a reduction of discretionary spending on goods that are, or are perceived to be, “luxuries;” changes in demographic or retail environments; changes in consumer preferences or fashion trends; competitive responses to the Company`s marketing, merchandising and promotional efforts and/or inventory liquidations by vendors or other retailers; changes in the Company`s relationships with key customers; delays in the receipt of merchandise ordered by the Company due to work stoppages and/or other causes of delay in connection with either the manufacture or shipment of such merchandise; seasonality of the retail business; adverse weather conditions, particularly during peak selling seasons; delays in anticipated store openings and renovations; natural disasters; significant increases in paper, printing and postage costs; litigation that may have an adverse effect on the Company`s financial results or reputation; changes in the Company`s relationships with designers, vendors and other sources of merchandise; the financial viability of the Company`s designers, vendors and other sources of merchandise; the design and implementation of new information systems or enhancement of existing systems; changes in foreign currency exchange rates; impact of funding requirements related to the Company`s noncontributory defined benefit pension plan; changes in the Company`s relationships with certain of key sales associates; changes in key management personnel; changes in the Company`s proprietary credit card arrangement that adversely impact its ability to provide consumer credit; or changes in government or regulatory requirements increasing the Company`s cost of operations.
These and other factors that may adversely effect the Company`s future performance or financial condition are contained in its Annual Report in Form 10-K and other reports filed with and available from the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
Contact:
The Neiman Marcus Group, Inc., Dallas
James E. Skinner, 214-743-7625
Stacie Shirley, 214-757-2967