Bergdorf’s Hits $500 Million

by MR Magazine Staff

NEW YORK – Bergdorf Goodman hit a financial milestone last week with fiscal year sales at $500 million. The Neiman Marcus Group, which owns the New York-based luxury department store, said in a statement that at about noon on July 19, a customer purchase lifted the sales numbers to a pinnacle never before reached by the retailer in a fiscal year.

Bergdorf CEO Jim Gold said in a release, “The store’s success can be attributed to aggressive product and services strategies along with an intensive capital investment. We could not have reached this milestone without the loyalty of our clients, the talent of our associates and the commitment and support of our vendor partners.”