Competitive Assessment

Note

Figures for NMG, Nordstrom, Saks and May are from LTM ending Jan ‘04. Figures for Federated are from LTM ending Jan ’03.

NMG data is for the Specialty Retail segment only (Full line Neiman Marcus Stores and Bergdorf Goodman).

Saks is estimated Saks Fifth Avenue stores and on-line operations only.

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