Weighed 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