Most of the retailers declaring bankruptcy where purchased by private equity firms and were loaded up with debt while paying “special dividends.”
Department stores for years have been on the balls of their a##es. They could not compete with amazon and on line ordering. Good time to use this as an excuse to bail
How was NM doing before WuHu ChiCom virus?
“Hey, we’re all out of ‘Bombshells.’”
“Use one of the ‘It Begins’ from the ‘It Begins’ pile.”
There a large,and really nice,mall within a three minute drive of me.It’s a *great* place to walk during bad weather (snow/cold/rain/heat).Neiman Marcus is one of its major stores.I hope that the mall can hang on for a while longer because if it closes forever I’d be forced to walk in difficult weather.
They’ve been on the verge for years. Corona was just the last straw for them.
When will the leftist Colleges start filing dissolution Bankruptcies?
Which type of bankruptcy? Chapter 11, reorganization or Chapter 18, liquidation?
Perhaps the market for $12,000 suits is not that solid.
Nordstrom next.
It did not JUST begin........
“It Begins”
Because no one ever in the history of history ever filed bankruptcy before. Not General Motors, not Sears, not John Connally, not F. Lee Bailey, not Washington Mutual, not Continental Airlines, not Lionel, not Pan Am, not Paramount, not Diamond Reo Trucks, not anybody ever, until now. Now, “it begins!” All hail the blogger!
Don’t underestimate the row of dominoes this will topple.
Mmmmmaybe they’ve found out their fall and winter lines aren’t being made right now...
What kind of retailer has nothing to retail?
I wonder how far Penny’s is behind.
They can’t be too far from bankruptcy.
Society dressing casually has removed a big reason for department stores. Neiman Marcus’ nickname is “Needless Markup”.
Golly Gee I wonder why this retailer is is going down the tubes, their merchandise and prices are just so.........bloviated! Look at the deals they had last Christmas.
https://www.neimanmarcus.com/c/gifts-christmas-book-cat75250765
No Surprise that Outrageous Markup is having problems.