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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
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
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
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
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
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
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
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
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
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
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
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
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
4 mins read
After a vicious year of bankruptcies, some retailers are still at risk. 13 companies, including Rite Aid, Belk, and Neiman Marcus, could be the next to default.
Rite Aid, Men's Wearhouse, Talbots, and Party City are among those at highest risk of defaulting or…
Natasha Dailey
1 min read
Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here's the full list so far.
Many brick and mortar retailers and restaurants that were experiencing troubles heading into the cr…
Mary Hanbury
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
2 mins read
A record 46 billion-dollar companies have filed for bankruptcy in the US this year as the pandemic continues to wreak havoc and it's far from over, say experts
Big businesses including JCPenney, Brooks Brothers, and Chesapeake Energy have filed in recent mont…
Theron Mohamed
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
4 mins read
How a luxury e-commerce founder continued a key partnership with Neiman Marcus throughout the pandemic, while leaning into a socially distanced business model
Sarah Davis bootstrapped Fashionphile from 1999 until 2019, when she partnered with Neiman Marcus. …
Dominic-Madori Davis
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…