Even the wealthy 1% are not spending at Neiman Marcus, they are getting sticker shock as well. Look at the prices compared to just 5 years ago, it’s two and three times what they use to be. $6,000 for a Prada bag that was $3,200 in 2020….come on’.
1 reply
We got rid of most of the less expensive lines
It's why. The extra rich alone can't float the stores
..they know that . In recession 2008 we lost 662 million trying to be super Exclusive..
Yet they didn't learn .