**EXHIBIT 12.1**

 

**Neiman Marcus, Inc.**

**Computation of Ratio of Earnings to Fixed Charges**

**(Unaudited)**

 
| ** **                                                       | ** ** | **Fiscal year ended** | ** ** |
|------------------------------------------------------------------|------------|---------------------------------|------------|
| **(in thousands, except ratios) **           | ** ** | **July 30,   2011**        | ** ** | **July 31,   2010** | ** ** | **August 1,   2009** | ** ** | **August 2,   2008** | ** ** | **July 28,   2007** | ** ** |
|                                                             |       |                            |       |   |   |   |   |   |   |   |   |
| Fixed Charges:                                                   |       |                            |       |   |   |   |   |   |   |   |   |
| Interest on debt                                                 |       | $                               | 266,816    |   | $ | 219,400 |   | $ | 221,951 |   | $ | 233,557 |   | $ | 255,859 |   |
| Amortization of debt discount and expense                        |       | 14,661                          |       | 18,697 |   | 17,185 |   | 14,217 |   | 14,141 |   |
| Interest element of rentals                                      |       | 26,301                          |       | 25,146 |   | 24,750 |   | 27,291 |   | 24,915 |   |
| Total fixed charges                                              |       | $                               | 307,778    |   | $ | 263,243 |   | $ | 263,886 |   | $ | 275,065 |   | $ | 294,915 |   |
| Earnings (loss):                                                 |       |                            |       |   |   |   |   |   |   |   |   |
| Earnings (loss) from continuing operations before   income taxes |       | $                               | 49,264     |   | $ | (5,313 | ) | $ | (888,491 | ) | $ | 226,629 |   | $ | 216,998 |   |
| Add back:                                                        |       |                            |       |   |   |   |   |   |   |   |   |
| Fixed charges                                                    |       | 307,778                         |       | 263,243 |   | 263,886 |   | 275,065 |   | 294,915 |   |
| Amortization of capitalized interest                             |       | 1,115                           |       | 1,112 |   | 1,058 |   | 1,018 |   | 495 |   |
| Less:                                                            |       |                            |       |   |   |   |   |   |   |   |   |
| Capitalized interest                                             |       | (535                            | )          | (286 | ) | (993 | ) | (3,036 | ) | (2,825 | ) |
| Total earnings (loss)                                            |       | $                               | 357,622    |   | $ | 258,756 |   | $ | (624,540 | ) | $ | 499,676 |   | $ | 509,583 |   |
| Ratio of earnings to fixed charges (a)                           |       | 1.2                             |       |   | (b) |   | (c) | 1.8 |   | 1.7 |   |

 

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(a)           Interest associated with income tax liabilities is excluded from our calculation.

 

(b)           For fiscal year 2010, the aggregate amount of fixed charges exceeded our earnings by approximately $4.5 million, which is the amount of additional earnings that would have been required to achieve a ratio of earnings to fixed charges of 1.0x for such period.

 

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

 

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