**EXHIBIT 12.1**

 

**NeimanMarcus, Inc.**

**Computationof Ratio of Earnings to Fixed Charges**

**(Unaudited)**

 
| ** **                                                      | ** ** | **(Successor)**                                          | ** ** | ** **                                               | **(Predecessor)** | ** **                                              |
|-----------------------------------------------------------------|------------|----------------------------------------------------------|------------|----------------------------------------------------------|-------------------|---------------------------------------------------------|
| **(in  thousands, except ratios)**                              | ** ** | **Fiscal year  ended********August 1,********2009** | ** ** | **Fiscal year  ended********August 2,********2008** | ** **        | **Fiscal year  ended********July 28,********2007** | ** ** | **Forty-three  weeks********ended********July 29,  2006(a)** | ** ** | ** ** | **Nine  weeks  ended  October 1,  2005(a)** | ** ** | **Fiscal year  ended********July 30,  2005(a)** | ** ** |
|                                                            |       |                                                     |       |                                                     |              |                                                    |   |   |   |   |   |   |   |   |
| Fixed Charges:                                                  |       |                                                     |       |                                                     |              |                                                    |   |   |   |   |   |   |   |   |
| Interest on debt                                                |       | $                                                        | 221,951    |                                                     | $                 | 233,557                                                 |   | $ | 255,859 |   | $ | 214,777 |   |   | $ | 3,186 |   | $ | 23,336 |   |
| Amortization of debt  discount and expense                      |       | 17,185                                                   |       | 14,217                                                   |              | 14,141                                                  |   | 11,728 |   |   | 96 |   | 831 |   |
| Interest element of  rentals                                    |       | 24,750                                                   |       | 27,291                                                   |              | 24,915                                                  |   | 19,404 |   |   | 3,729 |   | 20,691 |   |
| Total fixed charges                                             |       | $                                                        | 263,886    |                                                     | $                 | 275,065                                                 |   | $ | 294,915 |   | $ | 245,909 |   |   | $ | 7,011 |   | $ | 44,858 |   |
| (Loss) earnings:                                                |       |                                                     |       |                                                     |              |                                                    |   |   |   |   |   |   |   |   |
| (Loss) earnings from  continuing operations before income taxes |       | $                                                        | (888,491   | )                                                        | $                 | 226,629                                                 |   | $ | 216,998 |   | $ | 41,043 |   |   | $ | 71,173 |   | $ | 385,177 |   |
| Add back:                                                       |       |                                                     |       |                                                     |              |                                                    |   |   |   |   |   |   |   |   |
| Fixed charges                                                   |       | 263,886                                                  |       | 275,065                                                  |              | 294,915                                                 |   | 245,909 |   |   | 7,011 |   | 44,858 |   |
| Amortization of  capitalized interest                           |       | 1,058                                                    |       | 1,018                                                    |              | 495                                                     |   | 776 |   |   | 105 |   | 538 |   |
| Less:                                                           |       |                                                     |       |                                                     |              |                                                    |   |   |   |   |   |   |   |   |
| Capitalized interest                                            |       | (993                                                     | )          | (3,036                                                   | )                 | (2,825                                                  | ) | (3,446 | ) |   | (1,146 | ) | (5,350 | ) |
| Total (loss) earnings                                           |       | $                                                        | (624,540   | )                                                        | $                 | 499,676                                                 |   | $ | 509,583 |   | $ | 284,282 |   |   | $ | 77,143 |   | $ | 425,223 |   |
| Ratio of earnings to fixed  charges (b)                         |       |                                                     | (c)        | 1.8                                                      |              | 1.7                                                     |   | 1.2 |   |   | 11.0 |   | 9.5 |   |

 

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(a)           All periods presented have been adjusted to exclude theoperations of Kate Spade LLC.

 

(b)           Interest associated with income taxliabilities is excluded from our calculation.

 

(c)           For fiscal year 2009, the aggregate amount of fixedcharges exceeded our earnings by approximately $888.4 million which is theamount of additional earnings that would have been required to achieve a ratioof earnings to fixed charges of 1.0x for such period.  The deficiency of the ratio of earnings tofixed charges for fiscal year 2009 is primarily due to the pretax impairmentcharges related to 1) $329.7 million for the writedown to fair value ofgoodwill, 2) $343.2 million for the writedown to fair value of the net carryingvalue of tradenames and 3) $30.3 million for the writedown to fair value of thenet carrying value of certain long-lived assets.

 

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