https://investorplace.com/2018/02/8-companies-disappear-2019/#.WoRJB53wbRY
"Neiman Marcus is not a publicly-traded company, but a noteworthy name to investors all the same. The struggles that the department store chain faces are applicable to other similar chains. CreditRiskMonitor warned in January that Neiman Marcus’ risk of declaring bankruptcy in 2019 was as high as 50%. Yes, the company’s sales for the quarter ending in October of last year were up for the first time in a long time. But earnings were still lower on a year-over-year basis. And the company had to pull out all the stops and spend heavily to induce that revenue growth. The math just doesn’t work unless the company can sell more merchandise to more customers at higher prices. Something’s got to give sooner or later, and sooner rather than later."