Same-store sales at Neiman Marcus stores fell by 20.9% in February, 2009 compared to the same period in 2008.
Total revenues dropped 19.7 percent to $232 million for the period, compared with $288 million for the four weeks ended Feb. 23, 2008.
In the four-week February period, same-store sales in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 24.2 percent.
The company experienced weakness across all geographies and merchandise categories in the Specialty Retail Stores segment.
Neiman Marcus also announced 450 jobs cuts at the end of last month. Luxury retailers continue to get hit hard in the recession and they are cutting costs and reducing inventory to try and stay profitable.
Same-store sales at Neiman Marcus stores 
