The company, which has been privately-owned since 2005, shared new details about its business in a filing today.
The owner of Neiman Marcus, Bergdorf Goodman and Last Call stores filed to go public today.
The company was bought out in 2005 by private-equity firms Warburg Pincus and TPG, which sold it off to Ares Management LLC and Canada Pension Plan Investment Board in 2013. It's still saddled with about $4.7 billion in long-term debt from the deals.
Proceeds from an IPO could help pay that off. Neiman Marcus Inc. also filed for an IPO in 2013, before agreeing to the second sale.
Rick Wilking / Reuters
38% of Neiman Marcus customers have a median household income of more than $200,000, and the average age of a customer is 51.
When it comes to total household net worth, more than 40% of its customers stack up at $1 million or higher. So it seems they can afford that "Needless Markup," as the company is jokingly called.
BAY ISMOYO / Getty Images
About 70% of ultra high net worth individuals in the U.S. live within 50 miles of a Neiman Marcus or Bergdorf Goodman store.
The company gave this detail citing data from a third-party research provider called Wealth-X. Wealth-X defines the "ultra wealthy" as those with net assets of $30 million and above.
Neiman's filing touts the growing wealth of "ultra high net worth" households in the U.S. and "the increasing desire for luxury goods" in markets like Asia and the Middle East as catalysts for its growth.
Ahmed Jadallah / Reuters
9 Things We Learned About Neiman Marcus From Its IPO Filing http://ift.tt/1IFFMP4
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