John E. Koryl to Join Neiman Marcus Direct as President

DALLAS, June 14, 2011 /PRNewswire/ -- Karen Katz, President and Chief Executive Officer of Neiman Marcus, Inc., announced today that John E. Koryl will be joining the company, June 20th, as President of Neiman Marcus Direct. Mr. Koryl succeeds Gerald Barnes, who will become Executive Vice President, Chief Merchant, Neiman Marcus Direct.

Mr. Koryl, 40, joins Neiman Marcus from Williams-Sonoma, Inc. where he was the Senior Vice-President of e-Commerce Marketing and Analytics. In this role, Mr. Koryl was responsible for catalog and email modeling, eMarketing, site conversion optimization and consumer insights. Prior to Williams-Sonoma, Mr. Koryl was Senior Director, Marketing Solutions at eBay, Inc. and has worked at UmbrellaBank, Creditland.com, and Accenture.

"John Koryl is the perfect choice for us to lead Neiman Marcus Direct," said Karen Katz. "Our commitment to becoming an omni-channel retailer rests on the success of our already robust ecommerce business. John has exactly the type of background we are looking for to optimize the growth of our online business. His focus on technology, web analytics and the future state of online shopping will blend perfectly with our highly skilled online merchandising team."

Neiman Marcus Direct operates web sites under NeimanMarcus.com, BergdorfGoodman.com, LastCall.com, Cusp.com and Horchow.com. In addition, the division produces more than 80 catalogs annually for the Neiman Marcus and Horchow brands, including the Neiman Marcus Christmas Book. Neiman Marcus Direct generates sales of $715 million per year and has a staff of over 1500 employees.

In addition to Neiman Marcus Direct, The Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. 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 and elsewhere; 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; changes in demographic or retail environments; changes in consumer preferences or fashion trends; competitive responses to the Company's marketing, merchandising and promotional efforts; changes in the Company's relationships with key customers; delays in the receipt of merchandise; seasonality of the retail business; adverse weather conditions, particularly during peak selling seasons; delays in anticipated store openings or 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 Company's success in enforcing its intellectual property rights; the effects of incurring a substantial amount of indebtedness under the Company's senior secured credit facilities, senior notes and senior subordinated notes and of complying with the related covenants and conditions; 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 or inflation 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.

SOURCE Neiman Marcus



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