The 2024 Neiman Marcus advent Calendar costs $225 and has a reported value of $980...
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Neiman Marcus Group, confronting a volatile macro economy and increasingly cautious consumers, saw a dip in each revenues and profitability in its first fiscal quarter which ended Oct.28.
Adjusted earnings before interest, taxes, depreciation and amortization, eased to $95 million in the most recent three-month period, versus $112 million within the prior-year period, the corporate disclosed to WWD on Wednesday.
The luxurious retailer, operator of Neiman Marcus and Bergdorf Goodman stores and e-commerce web sites, also reported $948 million in sales for its last fiscal quarter, in comparison with $1.034 billion within the prior 12 months. Same-store sales fell 8 percent last quarter.
The corporate ended the quarter with $35 million of money, versus $194 million within the prior-year period. “The decline in...
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It’s the tip of an era at Rag & Bone.
Marcus Wainwright, who cofounded the brand with David Neville in 2002, is stepping down as chief brand officer. Upon his departure at the tip of this month, he'll remain a “significant” shareholder and a member of the board of directors, the corporate said.
The creative duties will likely be split between two of the brand’s longtime employees: Jennie McCormick, chief merchandising and design officer, who will oversee womenswear, footwear and accessories, and Kyle Sweeney, senior vp of men’s design and merchandising. The broader management team — chief operating officer Nicolas Vermot, chief people officer Rebecca Seidenstein and chief business officer Benjamin Harris — will remain in place.
Vermot runs the corporate on a...
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By way of the Great Resignation, the Neiman Marcus Group won’t have any a part of it.
Though earlier this yr tons of of layoffs were disclosed — 5 percent of its workforce — NMG executives say the corporate is becoming more diverse, accommodating and environmentally conscious. That’s also the image painted in NMG’s first “People Report” and second annual ESG report, each issued Tuesday.
The reports tout progress across a spectrum of areas from pay equity, workforce diversity and representation by women in the chief ranks and on the board, to speedier hiring, increased advantages, workplace flexibility, supporting diverse owned brands and reducing emissions.
“We began three years ago our culture and at ways to unleash the facility of our people....
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