Neiman Marcus
Neiman Marcus is a famous luxury clothing retailer that experienced a 5% decline to $4.7 billion in top-line sales in 2017. The company tried to improve things in a number of ways that, according to RetailDive, seem to be working. However, the company is still suffering from its interest expenses. Some suggestions include laying off over 200 employees and launching a “Digital First” customer engagement plan. A Canadian company by the name of Hudson’s Bay considered buying Neiman Marcus. There were sources that said they were in negotiations in March. Sadly, the plans did not push through because Hudson’s Bay was concerned about the decreasing sales of the high-end retailer.
Neiman Marcus
Bebe
Bebe started to see a decline in sales when creative director Neda Mashouf left the company. This happened in 2007 when she divorced the founder Manny Mashouf, who launched the retailer in 1979. RetailDive said that it is also suffering from the decline in the popularity of shopping malls. Reports claimed that the company experienced a $4.6 million operating loss in 2017. Bebe tried to fix the situation by avoiding the usual retail space and even paid $65 million to shutter physical stores and focus on e-commerce. In 2016, Forbes said that Bebe had 180 stores in operation.
Bebe
