I worked at the Houston Galleria location until 2018, Very difficult to make sales, typical customer would look, but then leave empty handed, I was trying to sell Brunello Cucinelli $2,000 sweaters, very tough.

Yes, they will be closing stores, both last call and full line stores by the end of 2020, that is correct, Just a handful of stores will be left, only in major cities/luxury tourist destinations (I.e Beverly Hills or Hudson Yards, Las Vegas), so that... — read more 

Neiman Marcus dead at 113

I heard from a very good source at NM that along with its last call stores, they are planning on shuttering all the full price locations except Beverly Hills, Bal Barbour, New York City, Dallas Downtown and Las Vegas....by 2021...

Hearing how its not safe their from covid 19..It hasnt made media...yet.... Please stay safe and share any stories or contact me on FB cause they Unfortunately s—..thanks

Neiman’s is totally out of reach for most people, but if you’re a multi- millionaire than $2,000 for some shoes is like someone making $80,000 a year buying $75 pair of shoes, just because you can’t afford something does not make it overpriced. The... — read more 

Neiman Marcus is selling Fendi Flip-Flops for $700? no wonder they are going bankrupt.

It is now time to join Bonwit Teller,Barneys,and fredericks of Hollywood in the retail hall of shame. What is the over- price purpose of these stores. Nothing anymore. Sad for the real workers, disgusted by top management. Be happy that you did... — read more 

The letter hits today about the layoffs the Pandemic and the typical HR Blah Blah Blah, like everything was just peachy a couple of months ago. This guy is giving up some salary, that guy is giving up some salary and the big guy is foregoing his... — read more 

I had a good laugh at the Boston store a pair of hideous women’s Gucci heels were on “sale” for $1,100 normally $1,895. Who buys this c-ap?

https://www.retaildive.com/news/neiman-marcus-mulling-bankruptcy-filing-bloomberg-law/574744/

Neiman looked to online orders to salvage them...their website has become a mess..saw a secret leak about it on a facebook page.. 1)...out of stock. 2).increased promoting, 3)supply chain issues. 4)Cancelling customers orders... They have had... — read more 

Neiman is in talk's about it now..just hit the news....They shouldve declared it years ago...i bet at least half the main stores close... — read more 

Is Neiman doing massive store closures like Macy's and Nordstorm

With the bonuses that the upper echelon of employees have received for cutting costs through layoffs and belt tightening it is very hard for employees to get a understanding of the maneuvers while a few are being so well taken care of.

In order to not appear as if they are losing money aimlessly..Neimans plans to claim they are changing their business strategy by closing most last call stores.... While they leave employees in limbo.... thats why their was no clearcut store closure... — read more 

I'm hoping they managed to let everybody know yesterday if they were on the list so the rest of us can relax today. I'm not being insensitive, I swear, I just have high blood pressure and all extreme stressing episodes - like the one from yesterday -... — read more 

According to a news release 750 layoffs occuring...conpany email plus interview with Raemdonck....saw on neiman marcus s—s that 7 managers in DC stores also cbopped of that 250...more reports will be dribbling out soon..

When will affected people know they are being laid off?

Neiman Marcus is closing ALL of its Last Call stores to focus on its full price luxury stores. HUndreds will be laid... — read more 

Be thankful if you are getting laid off. The final nail has just been put in Neiman Marcus’s coffin in the shape of a soon to be severe recession if not depression, thanks to Covid-19. This company BARELY survived the last one and is still... — read more 

New layoffs are about to happen at the store level. It is being referred to as the March action. These layoffs will effect not only management, but also sales support. The corporate leaders keep sending out emails touting their new policies of... — read more 

3 weeks into the trial .....In New York if the mytheresa transfer case is ruled as the fraud it is....It may propel Neiman Marcus into bankruptcy... The owners already marked the asset as a loss on their financials..Its not worth anywhere near the... — read more 

In true Neiman’s spirit they laid off all the executive assistants today. They are making the roles hourly roles and offered to let them interview. People who have been loyal to the company and doing the job for years having to interview for their... — read more 

This list includes LAST CALL: (AZ) – Tempe - 5000 Arizona Mills Cir AZ 85282 Phone: (480) 831-7979 (CA) – Livermore - 2880 Livermore Outlets Dr CA 94551 Phone: (925) 443-1181 (CA) – Ontario - 4758 E Mills Cir CA 91764 Phone: (909)... — read more 

Time has run out for the trolls that run NMG. Enjoy those Penney bonds you own before they go nil! :) https://robbreport.com/style/menswear/amazon-is-getting-ready-to-introduce-luxury-fashion-2891626/

This will drop their store count to 22...The one at Mosaic in D.C area... 42 were open just two years ago... Lots of random layoffs to top employees salary wise in that division occured.... For those that dont want to work in full price this... — read more 

Not only did NeinanMarcus layoff a whole store in New Jersey..It appears the employees got no notice.. they fired notice with the state AFTER the store was closed at the Mills in N.J..... just c-appy...I would expect no less of them..Saw it on... — read more 

Just saw on neiman marcus s—s on Facebook that Now a major bank has spilled the beans on our struggling employer.. It seems they borrowed 170 million more just to stay solvent. It certainly doesn't seem to be spent at my behind the times... — read more 

I know for a fact that some IT layoffs are happening now. Some long time IT staffers have been escorted out of the building. Also, unconfirmed that some buyers are also being shown the door. Ahh.. gotta love the timing eh? Work 'em hard right up to... — read more 

"Neiman Marcus CFO Steps Down After Less Than 18 Months" https://www.businessoffashion.com/articles/news-analysis/neiman-marcus-cfo-steps-down-after-less-than-18-months

"Barneys New York, an icon of New York retail, filed for bankruptcy early Tuesday morning, with a plan to significantly reduce its footprint, as it looks for a buyer to stave off liquidation." "The entire industry is in survival mode ... the model... — read more 

When your bond holders are trying to sell those bonds for pennies on the dollar to cover their asses, you know your a failed asset walking. There’s a reason why Neiman Marcus is on so many Top 10 lists of expected bankruptcies in 2019. Trying to... — read more 

"For the third quarter ended April 27, 2019, the Company reported total revenues of $1.1 billion, representing a decrease in comparable sales of 1.5% from the same quarter a year ago. During the quarter, the Company reported a net loss of $31.2... — read more 

The return policy being reduced back to 30 days from 60 will run more customers off..The company being financed by junk bonds isnt much better...Those creditors know its failing...when i started ways ago company wasn't a tenth the mess it is now... — read more 

Article: Following Neiman Marcus' press release today reporting on Neiman's restructuring and financial performance, Marble Ridge stated: "The Neiman Sponsors today announced the third step in what Marble Ridge contends is a scheme to place the... — read more 

"Neiman Marcus said sales are estimated to decline 1.3% to 1.9% in its fiscal third quarter that ended Saturday" https://www.dallasnews.com/business/retail/2019/04/30/neiman-marcus-sales-considers-sale-mytheresa

Q2 financials come in with another loss, this time $29M. So far for the fiscal year, that puts them at almost $60M in losses. "The luxury retailer reported a net loss of $29 million in quarter ended January 26, compared with net earnings of $372.5... — read more 

This company has been run into the ground by the previous owners, board and the C wing. I would not be surprised to see NMG in a couple years on American Greed. It is the worst operationally run company in retail. They do not even know what they own... — read more 

As the company has already laid off 4000 employees the past few years..It looks as though 2019 it may be ripped apart to pay off the debt..New CEO Geoffrey can't be trusted..have your resumes updated Everyone..They already have chopped benefits And... — read more