In a move that was not unexpected, Neiman Marcus Group has filed for bankruptcy with an agreement that will eliminate about $4 billion of its debt and make its creditors the majority owners of its business.
Kohl’s Corp. is the latest retailer to announce significant changes to its stores as it begins to reopen locations that were shuttered during the pandemic.
Hightimes Holding Corp., owner of the iconic High Times Magazine, has named a new CEO — its third in little over a year — as it readies a move into the retail arena.