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 division clearly isnt secure long term... workers beware...it is very likely as they close stores slowly ..unlike Nordstrom rack.. lower caliber tj maxx. ross..Marshall's..burlington still growing their store base too..
2 replies (most recent on top)
Neimans is 5.7 billion in debt...their annual revenue isnt even 5 billion, if you dont feel your job is secure. Or has good benefits they wont try to evade paying..run while you can..the closing of Barneys wont help them that much either..it will help the real boutiques, or their websites .Plus that intellectual property was bought by a vendor of The department stores..They want to retain it...not share it...Mytheresa only makes about 20 million in profit per year.it wont be a magic savior cause they lose more than that at Neimans...keep closing stores will be their remedy to
That..yes I analyze this losing company on another blog...thanks for the compliment
I have seen your work on your Facebook page about the company..looks like you are a
writer.I have watched it disintegrate slowly in fron of my eyes...no joke about..it is a mess.. They dont announce the closings like other companies..they just do them.. I did see the first Nordstrom rack ever is closing in upstate New York..its in March.. that gives employees time to make plans..common courtesy..something my employer Neimans does not know..#MerryXmas