Neiman Marcus Group in Debt and Borrowing Money, Possibly Seeking Buyer
submitted 9 days ago by HouTex in "Stores / Merchants"
Consumerist reports that Neiman Marcus is attempting to restructure their $5 million debt, and possibly seeking a buyer. They also own Bergdorf Goodman. Although they're not in immediate of bankruptcy, the retailer is finding that their traditional buyers have been shopping more online at other stores. Their affluent shoppers are apparently seeking luxury bargains.
Neiman Marcus, like other retailers, has been struggling to attract customers to its brick-and-mortar stores in the face of online competitors like Amazon. The retailer currently operates 42 Neiman Marcus stores, two Bergdorf Goodman locations, and 27 Last Call clearance centers.