Their disasterous purchase of a share of Geoffrey's mess appears to have been the hand that rocks the cradle They spent 200 million for what? Now they are trying to buy Net a porter using their failed stock..Taking out even more loans.. Their CEO... — read more
Gouging clients who carry a balance
We charge an insane 30.49 percent. Discouraging anyone who may carry a balance from using our in house card . Really nasty thing to do. No wonder when I ask if they want to open an account or use theirs they decline .. Short term gain long term pain... — read more
Saks sales down too.
Sears and Kmart merger ring a bell One thing is certain when Saks drops idea of merging it got a good look at their books ... and saw a mess
Middle east money..Merger dead on arrival
Allegedly Richard Baker CEO of Saks has lined up financing from the Middle East..it's doubtful american banjs would finance the merger.. With an interest rate over of 5 percent at 150 million per year based on 2 billion plus assumption of... — read more
More merger doubt
Just saw how even the DMN doubts it's for sale .Maria is a best buddy.. Also why wouldn't any other company want this scrap heap ? The writings on the wall .thank nmsucks on FB ..keep it up...pretty sure you see this page too
GVR Ewing
I see in the NY Post GVR Ewing will make some monstrous cash if a merger or sale go through, of course GVR while sending the company down the tubes and laying off people who have been forced to follow his directives is all SET. How a board can allow... — read more
Merger will fail
Just read about it on Neiman Marcus su-ks on Facebook . Think what was said was spot on Here's why it is doomed.. Saks isn't even the same company it was a few years ago.Its 4 different companies propped up by private equity.. It isn't performing... — read more
It could really happen. GVR gets $40 Million to get a sale done. He wants it bad. Saks is coming.
https://nypost.com/2023/08/28/neiman-marcus-in-talks-to-merge-with-luxury-archrival-saks-fifth-avenue-sources/
FarFetch numbers falling short. Sounds familiar. GVR will still get paid though😂
Farfetch Limited (NYSE:FTCH) shares plummeted more than 32% after-hours following the company’s reported Q2 results, with revenue of $579.35 million (down 1.3% year-over-year) coming in worse than the consensus estimate of $648.27M. EPS came in at... — read more
I thought we had data analysts for a long time…throws every merchant analyst under the bus. Typical.
The company said that merchants will be more focused on customer data and insights, and that it has formed a marketing strategy and customer analytics team. “In this new operating model, we are going to pivot to buying for the right audience—the... — read more
Neiman Marcus restructures corporate ranks in second layoff of 2023
Neiman Marcus is restructuring its corporate ranks and said Thursday that it is eliminating some redundant positions that will result in layoffs. The job cuts represent less than 1% of its 9,000-employee workforce, the company said, and follow a... — read more
Layoffs?
Any word if the company is doing any layoffs? It’s the beginning of the fiscal year and I’m just curious.
Newport Beach Neiman’s Robbery
Two suspects in custody for attempting to steal nearly $60,000 worth of Luis Vuitton handbags at Newport Beach Neiman Marcus.
Kartrashians
Eww just saw on another page we are promoting their junk...yuck .. I saw the link, Looks like bad wannabe 70s disco junk. Weren't they at Sears before with their clothes? Just foul and not what our customers want. Make sure your customers avoid... — read more
Stores got almost no customers
I thought Saturday was to make money ..not here it seems . They have reduced hours too..
2nd round of layoffs…
layoffs happened again but no mention of it in the townhall …. now announcement of another leadership restructure
human resources ready to fire you.
Complete liars..They falsify records against you..Keep your own records. Videotape is good too.. Imagine being paid to be a liar .That's their job... Consider your self warned as expenses are cut... get your benefits as they acrue...They will claim... — read more
Returns gotten worse
Besides losing our customer service agents. Noticed more returns..swear they are wearing it once . Then bring it back in.claim.it wasn't touched Especially the younger set. My sales near the negative through no fault of my own.. Sales at my store... — read more
Spam
Just saw on Neiman Marcus sucks page how much we send out... No wonder so many don't want to clienteled ..800 to 1500 or more emails a year... I know Saks and Nordstrom send nowhere as near as much .not sure bout Bloomingdales... Macy's probably... — read more
New axes
Further cuts may include reducing our diminished benefits. As well as retorque of commission... They do not care if many leave as it will save them money... This company is such a train wreck... Updating resume as I type this. This board is... — read more
Now supposedly they wanna dump the company
As sales keep declining.... Or maybe just get rid of Bergdorf which is a known drag. ... — read more
Darcy Marcy pennick is a joke
So for the thousands that stuff costs at Bergdorf division they use Neiman to ship things...that's where it gets messy..She's from Amazon and shopbop that doesn't have that issue She just got supposed more responsibilities for good... — read more
Less than 1% of the US Population can truly afford to shop at Neiman Marcus
$1,200 for Prada shoes? $10,000 for a Chanel bag? $2,500 for an Stefano Ricci sweater? who can really afford those prices? well as it turns out, VERY VERY few people...less than 1% by a gallup poll. So if 2,000 people walk in a Neiman Marcus, only... — read more
Stupid decisions
Neiman Marcus is a textbook example of how to alienate both existing customers and potential customers with stupid decisions. I'm thinking this company will not last much longer. If you are smart, you are already looking for a new job. And if you are... — read more
He hated dallas
So the Dallas morning news wrote 3 articles yesterday for their friend. The money losing paper can't stop slobbering all over him.. When they finally go under it won't be because Maria Halkias wrote real journalism... He's going to New York..claims... — read more
Frustrated with all the mess here
I'm trying not to care too much anymore and devote myself mostly to looking for a new job, but it's still frustrating how the leadership doesn't do anything to fix this mess. Do they even know what they are doing? Have they totally lost control... — read more
NASCAR..really
Desperate for business we did a nascar promo.. so totally not the supposed upscale image we try to convey.
Sales drastically down
Since we tried even less pricey merchandise.. The amount of customers clearly is way down... My stores sales are down six percent is what I am hearing... Anyone else have access to sales figures..