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3 mins read

Two luxury rivals are joining forces — and Amazon is getting in on the action

Saks Fifth Avenue's takeover of rival department store company Neiman Marcus for $2.65 billion show…

Madeline Berg   


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3 mins read

I went to Target with a $100 budget for clothes. I found 5 high-end dupes to refresh my wardrobe.

Clothing from Target is relatively affordable. But how much can $100 get you? One reporter found th…

Amanda Krause   


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3 mins read

Why Neiman Marcus doesn't care if its corporate employees stay remote

Luxury retailer Neiman Marcus has no plans to implement RTO mandates for its corporate workers. The…

Tim Paradis   


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3 mins read

Saks Fifth Avenue in San Francisco will require all shoppers make an appointment. The controversial move could solve a major headache.

Luxury retailer Saks already uses an appointment system at its "Club" boutiques, and the change cou…

Dominick Reuter   


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2 mins read

Neiman Marcus says it's only targeting ultra-wealthy customers who can spend around $27,000 a year at the retailer

The top 2% of the store's customers drive roughly 40% of its total sales, and most of those custome…

Avery Hartmans   


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3 mins read

Nordstrom, Neiman Marcus and other brands were buying clothes from a 'sweatshop' that paid just $1.58 an hour — in California

An investigation by the Department of Labor suggests that the majority of clothing makers in Southe…

Charles R. Davis   


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1 min read

Neiman Marcus has unveiled this year's luxury Fantasy Gift guide with items starting at $95,000 — see what it includes

According to Neiman Marcus' news release, this year's luxury list was selected to reflect "adventur…

Brittany Chang   


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1 min read

Neiman Marcus is notifying nearly 5 million customers about a data breach that exposed names and payment card numbers

A company spokesperson says there is no evidence that any customer information is being sold on the…

Emily Walsh   


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2 mins read

Fashion icons are mourning the death of the industry as we know it

The coronavirus has brought with it more order delays and sales struggles. Stakeholders now worry a…

Madeline Stone   


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3 mins read

The face of department stores is radically changing, and could soon look more like a warehouse than a boutique

Department stores will have to evolve to survive. For some, that means becoming smaller. For others…

Madeline Stone   


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1 min read

Neiman Marcus is closing 4 department stores and 17 off-price Last Call locations for good. See if your local store is on the list.

"Prior to COVID-19, Neiman Marcus Group was making solid progress on our journey to long-term profi…

Bethany Biron   


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2 mins read

Neiman Marcus files for bankruptcy, citing 'inexorable' pressure from coronavirus

"We are facing unprecedented disruption caused by the COVID-19 pandemic," the Neiman Marcus CEO sai…

Madeline Stone,Hayley Peterson   


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4 mins read

As retailers including J. Crew and Neiman Marcus file for bankruptcy, experts worry about skittish creditors and an overloaded bankruptcy court system

J. Crew and Neiman Marcus have filed for bankruptcy. But the coronavirus pandemic means the process…

Madeline Stone   


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4 mins read

Natasha Dailey   


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1 min read

Mary Hanbury   


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1 min read

Neiman Marcus is selling a $255,000 RV in its extravagant 2020 Fantasy Gifts list as RV sales continue to boom

Even though months have passed since this RV boom initially became apparent, the recreational vehic…

Brittany Chang   


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2 mins read

Theron Mohamed   


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7 mins read

What's driving an exodus at Deutsche Bank's vaunted credit desk

This week's top stories: Bank of America and Deutsche Bank traders, WeWork vacancies, Neiman's Huds…

Meredith Mazzilli   


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4 mins read

Dominic-Madori Davis   


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1 min read

Neiman Marcus just dropped its gift guide for the ultra-rich - and it's as extravagant as ever

The luxury department store just unveiled the 60th edition of its Neiman Marcus Fantasy Gifts, part…

Bethany Biron