Kicking off a six-month countdown to the opening of its new flagship in Hudson Yards, the Dallas-based retailer launched the 92nd edition of its traditional Christmas Book on Friday, unveiling its Fantasy Gifts for 2018.
A major US$2.6 billion development that's been called "Hong Kong's Hudson Yards" and aims to specifically attract wealthy millennials, now has a name and an opening timeframe. K11 Musea will open in the fall of 2019.
Neiman Marcus said on Tuesday it continued to see sales fall for another straight quarter and is now betting on digital for a turnaround. Total revenue for the fiscal year was $4.71 billion, down 5.2 percent.
Neiman Marcus posted a net loss of $117.1 million in the second quarter and a loss of $140.6 million for first half of its fiscal year. The retailer is reportedly exploring a sale or debt restructuring.
Luxury fashion retailer Neiman Marcus Group Ltd LLC said on Tuesday it was exploring strategic alternatives, including a sale of the company, just two months after pulling a planned IPO. And Hudson's Bay wants to buy it.
U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from a $4.9 billion debt pile, sources said on Friday.