Neiman Marcus

Retail Asia11/05/2020

High-end US department-store chain Neiman Marcus entered bankruptcy protection overnight and there are reports that rival Lord & Taylor is planning to follow. Laden down with debt, Neiman Marcus has entered Chapter 11, after receiving majority support from lenders and creditors to undergo financial restructuring, substantially reducing its debt load and interest obligations. The company […]

Retail Asia11/01/2018

It is a new era for Neiman Marcus. The US luxury department store chain has appointed a new CEO, Geoffroy van Raemdonck, in the wake of the departure of current chief executive, Karen Katz. Karen Katz, who is retiring after more than 30 years with Neiman Marcus, served in her capacity as CEO for seven years. […]

Retail Asia24/03/2017

European luxury online retailer MyTheresa.com is launching a Korean-language site. Selling luxury womenswear and accessories from such brands as Chloe, Gucci, Miu Miu and Stella McCartney, the e-tailer says it has seen “huge growth potential” in South Korea. “The Korean luxury market is moving quickly to digital. Ever since our first activities in Korea we […]

Retail Asia16/08/2016

After a slight uptick in performance at the close of last year, Ralph Lauren sales have tumbled. Compared to 2015 – when total revenues declined by 5 per cent, wholesale by 9 per cent, and retail by 3 per cent – the latest sales figures are decidedly weak. In the first quarter of the new […]

Tag: Neiman Marcus

Neiman Marcus enters bankruptcy protection mode

Neiman Marcus appoints new CEO

MyTheresa.com takes aim at Korea

Ralph Lauren sales tumble