Neiman Marcus Group

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Neiman Marcus taps Shopbop CEO to boost digital strategy Beth Wright | 26 Jun 18

As part of its efforts to accelerate the company’s digital transformation, Neiman Marcus Group has named Darcy Penick, CEO of Amazon subsidary Shopbop, as president of Bergdorf Goodman.


Digital strategy boosts Neiman Marcus Q2 sales Beth Wright | 12 Mar 18

Neiman Marcus Group has hailed its new digital strategy as the upscale department store retailer moved to a profit in its second-quarter and reported its second consecutive quarter of revenue growth.


Neiman Marcus appoints Van Raemdonck CEO Michelle Russell | 5 Jan 18

US retailer Neiman Marcus has appointed Ralph Lauren executive, Geoffroy van Raemdonck, as chief executive following the retirement of Karen Katz.


Neiman Marcus unveils digital strategy, narrows Q4 loss Beth Wright | 11 Oct 17

Neiman Marcus has unveiled plans to roll out a new digital strategy on the back of growing online sales in the fourth quarter, amid a modest narrowing of its net loss in the period.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


Neiman Marcus merger talks end, widens Q3 loss Beth Wright | 14 Jun 17

Neiman Marcus has confirmed that merger talks with Canadian retailer Hudson's Bay Company (HBC) have terminated, as its third quarter net loss widened to US$24.9m.


Neiman Marcus interim CFO to step down Beth Wright | 31 May 17

Upscale department retailer Neiman Marcus Group has revealed its interim CFO and chief operating officer, Michael Fung, is to leave the company at the end of the month.


Bergdorf and Neiman Marcus president steps down Beth Wright | 3 Apr 17

Joshua Schulman, president of premium US retailer Bergdorf Goodman and its parent company Neiman Marcus Group International, is to step down next month


Neiman Marcus mulls sale amid Q2 loss Beth Wright | 14 Mar 17

Neiman Marcus has revealed it is exploring "strategic alternatives", including the possibility of a sale, on the back of falling revenues and earnings in its second-quarter.


Neiman Marcus hires debt restructuring advisor? Beth Wright | 8 Mar 17

Upscale department store retailer Neiman Marcus is keeping tight-lipped regarding reports it has hired investment bank Lazard Ltd to help restructure its debt.


Neiman Marcus abandons IPO plans Beth Wright | 9 Jan 17

Upscale department store retailer Neiman Marcus has requested to withdraw its initial public offering.


Neiman Marcus Q1 losses more than double Michelle Russell | 14 Dec 16

Neiman Marcus needs to rebuild its relevance, analysts say, after the upscale department store retailer saw its first quarter net losses widen and booked lower sales on weak customer traffic.


Neiman Marcus finance chief Grimes steps down Michelle Russell | 15 Nov 16

Donald Grimes, the chief financial officer of upscale department store retailer Neiman Marcus, has stepped down after just 18 months in the role. 


Charges push Neiman Marcus to $407m FY loss Michelle Russell | 26 Sep 16

Upscale department store retailer Neiman Marcus has widened its losses in the fourth quarter and booked its fourth consecutive quarter of comparable sales declines. 


Neiman Marcus buyer jobs hit by omnichannel restructuring Michelle Russell | 22 Aug 16

Upscale department store retailer Neiman Marcus has eliminated around 50 jobs across buying, IT and alterations as it completes its omni-channel transformation. 


Neiman Marcus denies reports it is looking for buyer Beth Wright | 23 Jun 16

Upscale department store retailer Neiman Marcus has denied it is on the lookout for a buyer or investor following reports the group's chief executive has held a number of meetings with potential acquirers.


Neiman Marcus sees Q3 sales and profit tumble Michelle Russell | 15 Jun 16

Upscale department store retailer Neiman Marcus has booked a third consecutive fall in quarterly sales – and an 81% drop in profit – as it struggles to attract shoppers into its stores.


Neiman Marcus Q2 profit plummets 71.6% Katie Smith | 16 Mar 16

Upscale department store retailer Neiman Marcus saw its net profit slump by more than two-thirds during its second quarter, weighed down by lower sales.


Neiman Marcus swings to Q1 loss as sales fall  Katie Smith | 15 Dec 15

Upscale US department store retailer Neiman Marcus swung to a net loss during its first quarter, as sales fell. 


Neiman Marcus cuts 500 jobs in investment move Michelle Russell | 2 Oct 15

Upscale US department store retailer Neiman Marcus has cut around 500 jobs across the group as part of its plans to accelerate investment.


Athletic players "well positioned" amid disruption Katie Smith | 25 Sep 15

Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditional US apparel retailers - but it is the athletic players that are “well positioned” to come out on top, analysts suggest.


Neiman Marcus moves to Q3 profit Michelle Russell | 12 Jun 15

Upscale department store retailer Neiman Marcus has moved to a profit in its third-quarter and revealed increased sales.


Neiman Marcus appoints Wolverine CFO Grimes Michelle Russell | 2 Jun 15

Upscale department store retailer Neiman Marcus has appointed former Wolverine Worldwide CFO Donald Grimes as its finance chief and COO.


Neiman Marcus moves to profit in Q4 Michelle Russell | 10 Mar 15

Upscale department store retailer Neiman Marcus has moved to a profit in its second-quarter and revealed an increase in sales.


NRF 2015: Retail launches and developments Katie Smith | 15 Jan 15

Retail's 'Big Show', the National Retail Federation's Annual Convention & Expo, which took place in New York this week, is an annual opportunity for retailers to tap into the latest technologies for improving everything from customer analysis to inventory management.


Neiman Marcus swings to Q3 profit Michelle Russell | 9 Dec 14

Upscale department store retailer Neiman Marcus has swung to a profit in its third-quarter thanks to stronger revenues.


Canada Goose targets US with New York office Katie Smith | 3 Dec 14

Outdoor luxury apparel company Canada Goose has opened a sales office in New York as it gears up to meet surging demand for its products in the US.


US: Neiman Marcus swings to Q4 loss Michelle Russell | 18 Sep 14

Upscale department store retailer Neiman Marcus Group has swung to a loss in its fourth-quarter due to an increase in interest expenses and flat margins.


US: Neiman Marcus to buy online retailer Mytheresa.com Leonie Barrie | 16 Sep 14

Upscale department store retailer Neiman Marcus Group is expanding its international reach with the purchase of the mytheresa.com global online luxury business.


US: Costs push Neiman Marcus to Q3 loss Michelle Russell | 13 Jun 14

Upscale department store retailer Neiman Marcus has swung to a loss in its third-quarter as a result of one-off costs.

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