Neiman Marcus 2008 Annual Report Download - page 24

Table of Contents
Bergdorf Goodman Stores. We operate two Bergdorf Goodman stores, both of which are located in Manhattan at 58th Street
and Fifth Avenue. The following table sets forth certain details regarding these stores:
Bergdorf Goodman Stores
Locations
Fiscal Year
Operations
Began
Gross Store
Sq. Feet
New York City (Main)(1) 1901 250,000
New York City (Men's)(1)* 1991 66,000
(1) Leased.
* Mortgaged to secure our senior secured credit facilities and the 2028 Debentures.
Clearance Centers. As of October 1, 2009, we operated 28 clearance centers that average approximately 28,900 square feet
each in size.
Distribution, support and office facilities. We own approximately 41 acres of land in Longview, Texas, where our primary
distribution facility is located. The Longview facility is the principal merchandise processing and distribution facility for Neiman
Marcus stores. We currently utilize a regional distribution facility in Dayton, New Jersey and four regional service centers in New
York, Florida, Texas and California. We also own approximately 50 acres of land in Irving, Texas, where our Direct Marketing
operating headquarters and distribution facility is located. In addition, we currently utilize another regional distribution facility in
Dallas, Texas to support our Direct Marketing operation.
Lease Terms. The terms of the leases for substantially all of our stores, assuming all outstanding renewal options are
exercised, range from 1 to 101 years. The lease on the Bergdorf Goodman Main Store expires in 2050, with no renewal options, and
the lease on the Bergdorf Goodman Men's Store expires in 2020, with a 10-year renewal option. Most leases provide for monthly fixed
rentals or contingent rentals based upon sales in excess of stated amounts and normally require us to pay real estate taxes, insurance,
common area maintenance costs and other occupancy costs.
For further information on our properties and lease obligations, see Item 7, "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and Note 15 of the Notes to Consolidated Financial Statements in Item 15.
ITEM 3. LEGAL PROCEEDINGS
We are currently involved in various legal actions and proceedings that arose in the ordinary course of our business. We
believe that any liability arising as a result of these actions and proceedings will not have a material adverse effect on our financial
position, results of operations or cash flows.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of our security holders during the quarter ended August 1, 2009.
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