The Neiman Marcus Group Inc. will shutter its 118,000-square-foot Minneapolis store by next July.
“As it is so rare that we close a store, the difficult decision was based on a great deal of thought, and a careful study of the market,” said Karen Katz, president and chief executive officer of the luxe chain, which is owned by private equity firms TPG and Warburg Pincus.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)