Neiman Marcus

Neiman Marcus Group Inc. has made it official — it’s not about to go public anytime soon.

In August 2015, the Dallas-based luxury retailer filed a registration statement with the Securities and Exchange Commission to pursue an initial public offering of its shares. But on Friday, Neiman’s in another filing with the SEC, said, “The company has determined that it is not in its best interests to proceed with the initial public offering contemplated by the registration statement at this time. The registration statement has not been declared effective by the commission, and the company confirms that no securities have been sold in connection with the offering contemplated thereby.”

The owners of Neiman Marcus, Ares Management and the Canada Pension Plan Investment Board, are said to be eager to sell the company, and have been for some time. They spent $6 billion to take over the company in 2013 from Warburg Pincus and TPG Capital.

Neiman’s large debt load and declining sales, as well as difficulties in the luxury and department store sectors generally, would make an IPO, or some other type of sale of the company, difficult.

Last month, the retailer reported a net loss of $23.5 million for the first quarter ended Oct. 29 compared to $10.5 million for the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortization was $122.9 million compared to adjusted EBITDA of $164.3 million for the year-ago quarter.

The Dallas-based chain also reported total revenues of $1.08 billion, representing a decrease of 7.4 percent compared to total revenues of $1.16 billion for the first quarter a year ago.