Neiman Marcus 2004 Annual Report Download - page 15
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ITEM 2. PROPERTIES
Our corporate headquarters are located at the Downtown Neiman Marcus store location in Dallas, Texas. The operating headquarters for Neiman Marcus,
Bergdorf Goodman and Neiman Marcus Direct are located in Dallas, Texas; New York, New York; and Irving, Texas, respectively.
We opened a new Neiman Marcus store in San Antonio in September 2005 and plan to open another new store in Boca Raton in November 2005. In
addition, we plan to open new Neiman Marcus stores in Charlotte and Austin in 2007; suburban Boston and Long Island in 2008; and greater Los Angeles
area in 2009. In total, we expect the planned new stores will add over 665,000 square feet of new selling space over approximately the next three years,
representing an almost 13% increase in square footage as compared to the current aggregate square footage of our full-line Neiman Marcus and Bergdorf
Goodman stores. In addition, we recently have completed the remodels of our Las Vegas, Newport Beach and Beverly Hills stores and have remodels
underway at our San Francisco, Houston and Bergdorf Goodman stores.
Properties that we use in our operations include Neiman Marcus stores, Bergdorf Goodman stores, clearance centers and distribution support and office
facilities. As of September 15, 2005, the approximate aggregate square footage of the properties used in our operations was as follows:
Owned
Owned
Subject to
Ground
Lease Leased Total
Neiman Marcus Stores 751,000 2,140,000 1,981,000 4,872,000
Bergdorf Goodman Stores — — 316,000 316,000
Clearance Centers — — 447,000 447,000
Distribution, Support and Office Facilities 1,317,000 150,000 974,000 2,441,000
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