Saks Fifth Avenue vs. Neiman Marcus - A Detailed Company Analysis Using Balance Sheets and Income Statements

I am writing to analyse the company's current balance sheet and income statement. Particularly, I will critique on the company's results, compare it to past years, compare it to competitors, and make recommendations on how to improve its financial position. Neiman Marcus department stores offer luxurious and high-quality men's and women's apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3.5 billion. More …

…Because we possess such a large amount of money, keep investing so we can have an even higher return. Lastly, because the Neiman Marcus Group is now globally recognised as a strong and powerful company, one more suggestion will be to go international. Right now, there are only locations in the United States. Our reputation has gained us respect globally and I believe it will be a good decision to begin expanding primarily in Europe.