Thread regarding Neiman Marcus Group layoffs

Anyone know what's going on with the downtown Store? NY Post article is not promising.

by
| 1214 views | | 5 replies (last )
Post ID: @OP+1dPb29E3

5 replies (most recent on top)

If NMG has an asset, it won't be long before it is up for sale. It is quick equity for C-level bonuses and payouts for the board. In the meantime, they will push the middle-class employees for better EBITA numbers. None of the decisions they have made since these equity companies have purchased Neimans have ever been in the best interest of the employee, customer, or brand.

by
|
Post ID: @3onk+1dPb29E3

Why even move the merchants? Keep a few temporarily working from home in Dallas and then transition the BG team to merchandise all NMG stores and on line. Eventually have only NY based merchants. Saves $$$ and allows better vendor input into assortments. Also better qualified people in NY to choose from.

by
|
Post ID: @2ukc+1dPb29E3

Store will close. Look for AT&T to buy the building. GVR, his team and board all want NYC as home. GVR because he would rather live in that area - and the Hamptons - while the board thinks NY will make it an easier sale. Dallas is an afterthought. Slow migration to NY with merchants first.

by
|
Post ID: @1yzm+1dPb29E3

If the company came out with a statement - that probably means the opposite!

by
|
Post ID: @bzw+1dPb29E3

Post a reply

: