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Neiman Marcus

  • Neiman Marcus exploring options — including sale

    Neiman Marcus posted another quarter of declines for its second quarter.   For the period ended January 28, 2017, the chain reported total revenues of $1.40 billion, a decrease of 6.1% compared to $1.49 billion for the second quarter of fiscal year 2016. Comparable revenues decreased 6.8%.   

  • Neiman Marcus exploring options to cut debt

    Luxury department store retailer Neiman Marcus is looking for relief from its heavy debt.   The company has hired Lazard Ltd. to explore debt restructuring options, but it is no immediate risk of bankruptcy, reported Reuters.   

  • Brand Activation

    I’ve seen the future of retail. And it’s not all online, not by a long shot.

    First, let’s deal with the elephant in the room. Yes, traditional brick-and-mortar retailers are confronted with challenges on multiple fronts. Adapting stores to accommodate today’s digitally savvy and demanding customers is no easy feat.

  • Top 10 Retail Predictions for 2017

    1. The import tax wild card. The Trump administration has floated a new tax policy that would apply a 20% tax on imports from Mexico, as well as other countries with which the United States has a trade deficit. If implemented, this tax could have a disproportionally large negative impact on merchants that export much of the goods they sell — i.e., almost all of our readers.  

  • Resort-wear brand goes omnichannel

    The Tori Richard brand is a staple in Hawaii, but it’s taking steps to expand sales across the continental United States.   A company founded as a women's wear brand 60 years ago in Honolulu, has since become an internationally recognized men's and women's resort wear brand available in its 17 stores and approximately 2,500 wholesale accounts, including in Neiman Marcus, Saks Fifth Avenue and Nordstrom. This breadth contributes to sales that span across the main-land U.S., Latin America, and Asia-Pacific. 

  • Neiman Marcus, Fort Worth, Texas

    Neiman Marcus blends a modern, luxurious design with state-of-the art technology and amenities at The Shops at Clearfork, a new open-air center in Fort Worth, Texas.   Alamo Architects took special care to ensure the exterior of store drew upon the surrounding area’s natural features and climate. The building façade, which draws inspiration from woven fabric patterns, was created with artisanal pre-cast concrete, sustainable panels.   

  • Pinterest makes it easier to buy with ‘Shop the Look’

    Buying merchandise on Pinterest just got even easier.   On Wednesday, Feb. 8, the social media site rolled out a new service called “Shop the Look.” An extension of the company’s Buyable Pins program which enables “pinners” to buy a specific item directly on Pinterest, Shop the Look users can “click on and even buy products they find inside fashion and home decor Pins,” Tim Kendall, Pinterest’s president, explained in the company’s business blog.  

  • Luxury department store retailer in Fort Worth opening

    Neiman Marcus will unveil its relocated store in Fort Worth, Texas, at The Shops at Clearfork, on Feb. 10.    The nearly 95,000-sq.-ft. store is the anchor tenant — and first to open — at the new upscale open-air center, which is being developed by Simon Property Group.    The new Neiman Marcus blends a modern, luxurious design with state-of-the art technology and an array of special services.  

  • Neiman Marcus scraps IPO

    Neiman Marcus Group is not going public anytime soon.    In a filing on Friday, the luxury department store retailer said it would withdraw its initial public offering, having determined "that it is not in its best interests" to proceed with the initial public offering at the current time.     

  • Holiday 2016: Shoppers more generous — and more last minute

    Online spending, and the amount of purchases made after the standard shipping deadline, were on the rise this holiday season.  
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