The luxury retailer released its first ESG report and selectively disclosed some of its fiscal second-quarter results.
NMG, which operates the Neiman Marcus and Bergdorf Goodman stores and websites, cited adjusted EBITDA growth of 15 percent for the quarter compared to the same holiday period pre-COVID-19. Adjusted EBITDA for the 12 months ending January 2022 increased 26 percent compared to the pre-COVID-19 period ended January 2020.“We are very pleased with our strong holiday performance and second-quarter results,” van Raemdonck said.
For its ESG strategy, NMG said it analyzed data from multiple sources, including ESG ratings and rankings, research reports from industry media outlets and trade associations, disclosures from NMG’s best-in-class peers, ESG reporting frameworks like Global Reporting Initiative and Sustainability Accounting Standards Board, etc. to inform its strategy.
In addition, women at NMG make up 59 percent of the vice president level and above, and 68 percent of all corporate and store associates. The company was founded by Carrie Marcus Neiman.
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