Thursday, March 12, 2020

Neiman Marcus streamlining; getting out of the outlet store business

Chain Store Age
Neiman Marcus Group is sharpening its focus on its core business: selling full-price luxury goods.

The retailer announced that, as part of its four-year “transformation growth plan,” it is closing the majority of its 22 Last Call outlet stores before the beginning of its next fiscal year, which starts in early August. Select Last Call locations will remain open to serve as a selling channel for Neiman Marcus residual inventory.. . . more