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A successful year for Neiman Marcus Group

A successful year for Neiman Marcus Group

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U.S. luxury retailer, Neiman Marcus Group, yesterday unveiled strong results for the 2021-2022 fiscal year, which ended in July.


NMG, one of the largest multi-brand luxury retailers in the U.S., has closed a successful fiscal year 2021-22.


We are very pleased with the strong performance achieved in fiscal 2022, which validates our ambitious strategy and our team’s impressive execution,” announced Geoffroy van Raemdonck , NMG’s president and CEO.


The group achieved sales growth of more than 30% compared to last year, delivering more than $5 billion in GMV (gross merchandise value). Adjusted EBITDA reached 495 million dollars, representing an EBITDA margin of 11% .


A new loyal customer base


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The group’s customers continue to be loyal, despite difficult economic cycles. For example, the top 2 percent of customers generate about 40 percent of total sales and their average spend exceeds 25 000 dollars per year.



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