These Brands Are Closing Down And We Are Not Ready For It

Neiman Marcus

In the 2017 fiscal year, luxury retailer Neiman Marcus saw its top-of-the-line sales fall down to $4.7 billion, down by 5%. Some proposed solutions were to cut 200 jobs and create a “Digital First” customer engagement program. It was speculated that the Canadian corporation, Hudson’s Bay, would have bought high-end stores, but plans later failed.

Neiman Marcus