The retailer has yet to reopen stores for shopping inside in states where allowed.
The asset transfer of the online shopping retailer, which some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
As retailers pursue swift restructuring plans to start anew, they face the safety risks of doing so during a public health crisis.
The luxury brand is known for selling fashion parkas with price tags of $900 on up.
The open-air shopping center will provide retail to-go curbside pick-up for all retail purchases, and provide curbside restaurant take-out.
With Neiman Marcus filing Chapter 11 and the specialty channel in flux, ultra-prestige beauty brands are exploring their options.
The COVID-19 era’s retail bankruptcies will highlight the power struggles between debtor-in-possession financing lenders and trade vendors.
Debate is building on what is the best scenario for the Neiman Marcus Group to survive.
The real estate investment trust hopes to have all of its properties open by mid-June. Meanwhile, only about 26 percent of tenants paid April rent.
Several retailers are implementing reopening strategies as states are easing stay-at-home restrictions.
For Neiman Marcus Group to come out of bankruptcy and survive, industry executives say it must pare down and modernize.