Tuesday, September 26, 2017

The Off-Price Retail Segment May Be Vulnerable to Closures, Neiman Marcus Decision Shows

Image result for last Call storeWeighed down by debt and aiming to devote more resources to its full-line stores, luxury department store operator Neiman Marcus announced recently that it would close 10 Last Call stores in its off-price fleet.

The step is unusual, particularly because the off-price channel has been one of few growing segments of brick-and-mortar retail, with many chains planning to expand in the coming years, not close locations. Also, the Last Call stores have been performing well, especially in comparison to the retailer’s overall business, according to company statements and industry experts.. . . more

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