Debate is building on what is the best scenario for the Neiman Marcus Group to survive.
For Neiman Marcus Group to come out of bankruptcy and survive, industry executives say it must pare down and modernize.
Saks Fifth Avenue and Hudson’s Bay are donating $1.3 million, and Tapestry is committing $2 million to the COVID-19 relief efforts.
The luxury retailer will close most of its Last Call clearance units and cut approximately 750 jobs.
Five days after going private and change is accelerating at HBC.
Richard Baker has been forging a new future for HBC with Foulkes stepping down and the company going private.
The HBC division wants to solidify its position in the off-price sector against increasing competition.
But the company’s buyout-induced run-up does not change the operating realities facing the traditional retail crowd.
The two groups are in talks about Catalyst supporting a higher offer from the continuing shareholders, sources said.