Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Neiman Marcus Exploring Options, Including Potential Sale -
2 Views • Mar 15, 2017
Description
By RACHEL ABRAMSMARCH 14, 2017
The high-end department store Neiman Marcus said on Tuesday that it was evaluating its strategic options, including putting itself up for sale.
The disclosure highlights wider struggles at department stores, which have struggled to adjust as quickly as the rest of the retail industry to the new ways
that people shop — increasingly online, and away from brick-and-mortar stores.
The company operates 42 stores in the United States and two Bergdorf Goodman locations in Manhattan, according to its website.
The private equity firms Ares Management L. P. and CPPIB purchased Neiman Marcus in 2013.
The ratings service Standard & Poor’s cited that as one reason it downgraded Neiman Marcus’s credit rating to triple C-plus last month.
Department stores as a whole have struggled to compete online.
Neiman Marcus said it had not set a timetable to evaluate all of its options.
Keywords & Tags
More from User
From Oxford trial pause to Sinovac's good results, here are all the updates regarding COVID vaccine
RisingWorld
First COVID-19 vaccine tested in U.S. shows promising results
RisingWorld
Russian scientists planning to launch Coronavirus vaccine by mid-August
RisingWorld
Russian scientists planning to launch Coronavirus vaccine by mid-August
RisingWorld
Russia Covid-19 Vaccine Latest News Update: Why Russian coronavirus vaccine is far from ready
RisingWorld
Russia Covid-19 Vaccine Latest News Update: Why Russian coronavirus vaccine is far from ready
RisingWorld
Related Videos
Read Systematic Options Trading: Evaluating Analyzing and Profiting from Mispriced Option Opportunities
Wkupferblum
Can McCaffrey Clinch Super Bowl MVP? Evaluating 49ers' Options
SportsGrid
Fantasy Football: Evaluating Tight End Options for Week 15
SportsGrid
Fantasy Football: Evaluating Top Tight End Options for Week 16
SportsGrid
Buffalo Bills: Evaluating Wide Receiver Options for Josh Allen
SportsGrid
Cannes Film Festival Organizers Evaluating Options Amid Coronavirus
Wochit Business