Corus Sale May Be Model as Funds Target Failed Banks for Distressed Assets Oct 8, 2009
Fort Worth, Texas-based TPGs investments include casino owner Harrahs Entertainment Inc. and Neiman Marcus Group Inc., a luxury retailer. Fundraising. (Bloomberg)
And everything's still way too pricy Oct 7, 2009
With even super affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality ... Neiman Marcus holiday catalog nods to recession Articles (10-06) 14:08 PDT NEW YORK, (AP) -- With even super affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality. (San Francisco Chronicle -- Weird News)
Its a relative term Oct 7, 2009
NEW YORK - With even super affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality. Almost 50 percent of the gifts in the catalog's 83rd edition cost less than $250, including plenty of practical items, though at prices still out of reach for the average American. (MSNBC -- Business)
Retail group predicts weak holiday season Oct 7, 2009
NEW YORK --- With even super-affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book on Tuesday with a nod to this new frugality. Almost 50 percent of the gifts in the catalog's 83rd edition cost less than $250. (The Augusta Chronicle)
The Pantry Appoints Edwin J. Holman to Succeed Peter Sodini as Chairman of the Board of Directors Sep 18, 2009
Earlier in his career, Mr. Holman held senior executive positions with the Bloomingdale's and Rich's/Lazarus/Goldsmiths divisions of Federated Department Stores, Inc., Petrie Retail Inc., a specialty apparel retailer, Woodward & Lothrop, The Carter Hawley Hale Stores and The Neiman Marcus Group. Mr. Holman commented, "On behalf of the Board, I want to thank Pete for his outstanding leadership and efforts over the last twelve years. Pete and his team have achieved many milestones that will be his... (Primezone Releases)
The Pantry picks a new chairman Sep 18, 2009
Prior to his five-year tenure with Macy s, he was chairman and chief executive of Earlier in his career, he held senior positions with Bloomingdale s, Federated Department Stores and The Neiman Marcus Group. The Pantry (Nasdaq: PTRY) appointed Terrance Marks as the company s new chief executive officer in late August. (Raleigh Triangle Business Journal, NC)
Eickhoff, Who Made Versace, Says Luxury Brands Must Cut Prices or Go Bust Sep 12, 2009
The rebate practices of Neiman-Marcus Group Inc.s Bergdorf Goodman New York department store were an inspiring example for him, Eickhoff said, adding that changes of seasonal collections were accompanied by quick discounts of older merchandise. To contact the reporter on this story: in Dusseldorf at. (Bloomberg -- Germany)
Myer to Seek IPO as Turnaround Under TPG Lifts Department Store Earnings Sep 12, 2009
The buyout firm, which was founded by David Bonderman and formerly known as Texas Pacific Group, also owns Neiman Marcus Group Inc. after teaming with Warburg Pincus LLC in 2005 to buy the U.S. chain for $5. 1 billion in 2005. (Bloomberg -- Australia & New Zealand)
Upscale shopping center opening in Bellevue Sep 7, 2009
Burt Tansky, CEO of Neiman Marcus Group, took a similar tack with Wall Street analysts in June when he discussed the Dallas company's disappointing financial results for the three months ending May 2. Tansky coaxed one analyst to check out "some new looks" in designer handbags. (Longview Daily News, WA)
Nations retailers report weak June sales Jul 10, 2009
Privately held luxury department store Neiman Marcus Group Inc. posted a 20. 8 percent drop in same-store sales. (MSNBC -- Business)
The Neiman Marcus Group Announces Appointment of Wanda Gierhart as Senior Vice President, Chief Marketing Officer Jul 7, 2009
DALLAS, July 6 /PRNewswire/ -- The Neiman Marcus Group, Inc. announced today that Wanda Gierhart has been appointed Senior Vice President, Chief Marketing Officer. Ms. Gierhart will report to Karen Katz, President, Chief Executive Officer of Neiman Marcus Stores and Executive Vice President of The Neiman Marcus Group and will be responsible for marketing, market research, advertising, sales promotion, and customer insight activities for Neiman Marcus Stores, Neiman Marcus Direct and Bergdorf... (PR Newswire)
Surging American Savings Rate Reduces Dependence on China as Growth Slows Jun 27, 2009
Neiman Marcus Group Inc. of Dallas and other luxury businesses are reducing orders this year to limit supply and boost profitability. Across the board you are going to find less of the sizes, less of the availability in almost all of the categories, Saks Chief Executive Officer said in an interview on June 23. (Bloomberg)
Saks Chief Cuts Orders to Avoid Discounts on Stiletto Heels, Men's Suits Jun 23, 2009
June 23 (Bloomberg) -- , Neiman Marcus Group Inc. and other luxury retailers are reducing orders this year to limit supply and boost profitability. The cuts may rein in what Saks Chief Executive Officer calls the enormous excess that existed last year in stores that cater to the wealthy. (Bloomberg -- US)
Telmar expands in Plano Jun 6, 2009
Like all private-equity firms, Warburg, which also owns the Dallas-based Neiman Marcus Group, makes money when it either sells or merges the businesses it owns or has them go public. Pickett says there are no plans for an initial public offering at Telmar. (Dallas Business Journal, TX)
Buy Commodities, Pay Off Debt as Inflation Looms: John F. Wasik May 27, 2009
Bad news for and Neiman Marcus Group Inc. Good news for McDonalds Corp. and Wal-Mart Stores Inc.. Nature of Beast. (Bloomberg -- Columnists)
Recession Turns Malls Into Ghost Towns... May 23, 2009
So far for 2009, monthly sales declines at upscale retailers such as Inc., Inc. and Neiman Marcus Group have registered mostly in the double digits, compared with results a year ago. Saks CEO Stephen Sadove is talking with mall owners about closing a few of the retailer's 53 Saks Fifth Avenue stores. (The Drudge Report)
Retailers report smaller sales declines in April May 8, 2009
Neiman Marcus Group Inc. said Thursday its same-store sales fell 22. 5 percent in April. (MSNBC -- Business)
Neimans to skip cash interest payments Apr 15, 2009
In 2005, the Neiman Marcus Group Inc. was bought by two private equity firms, and , for $5. 1 billion. (Dallas Business Journal, TX)
TOTAL UNEMPLOYED HITS RECORD 5.84M Apr 10, 2009
Companies ranging from retailer Neiman Marcus Group Inc. to farm-equipment maker Deere & Co. are still trimming payrolls to cut costs as sales and profits slump. The US lost more than 650,000 jobs for a record fourth-straight month in March, threatening to reverse January-February gains in consumer spending, which accounts for almost 70 percent of economic growth. (New York Post -- Business)
MOODY'S CUTS RETAIL Mar 18, 2009
Neiman Marcus Group, Saks and Nordstrom had their debt ratings cut by Moodys' Investors Service after luxury retail sales plummeted in recent months. Neiman Marcus's ratings were lowered the most, by three notches. (New York Post -- Business)
Lone Star Funds to raise $20B Mar 14, 2009
He says mega-funds of the past few years were big enough to buy whole public companies, such as Dallas-based Neiman Marcus Group Inc., and are now having problems. I d rather (we were) putting $20 billion in the current environment than when the mega-funds were deployed, he says. (Dallas Business Journal, TX)
Retailers reports Feb. sales decline Mar 6, 2009
Saks Inc. suffered a 26 percent decline in February, while Neiman Marcus Group Inc.'s overall same-store sales fell nearly 21 percent and Nordstrom Inc.'s sales dropped more than 15 percent. Store owner Ronald Krinn said he's had to start listening to his shoppers more to keep them spending at his women's boutique, Fred, in downtown Milwaukee. (Atlanta Journal-Constitution -- Business)
Wal-Mart reports strong rise in sales Mar 6, 2009
And Neiman Marcus Group Inc. said that same-store sales in the segment that includes Neiman Marcus Stores and Bergdorf Goodman fell 24. 2 percent. (MSNBC -- Business)
Saks's Ability to Tap Real Estate Undermined by Market Drop, Credit Crunch Mar 5, 2009
The retailer, which competes with Nordstrom Inc. and Neiman Marcus Group Inc., forecast a 20 percent sales decline at stores open at least a year for the first half of 2009. Chief Executive Officer dismissed speculation on the call last week that the retailer would file for bankruptcy. (Bloomberg)
Designers fancy a much more low-key Fashion Week Feb 13, 2009
"The challenges are really great, and even more so than last season," says Ginger Reeder, spokeswoman for Neiman Marcus Group, which owns high-end stores Neiman Marcus and Bergdorf Goodman. "We're trying to be smarter, we'll be editing very tightly. But there's higher pressure on everybody.". (USA Today -- Money)
Barneys Buyers Said to Offer Half 2007 Sale Price as Dubai Seeks Cash Feb 12, 2009
He oversaw expansion into flagship stores and CO-OPs nationwide, and sought brands that would distinguish Barneys from competitors and Neiman Marcus Group Inc. Herbert Mines Chairman declined to comment on the search. To contact the reporters on this story: in New York at ; in Milan at ; in Dubai at. (Bloomberg)
Low-key Fashion Week in the works Feb 12, 2009
"We're trying to be smarter. We'll be editing very tightly," says Ginger Reeder, spokeswoman for Neiman Marcus Group. "But there's higher pressure on everybody.". (USA Today -- Life)
Stores see January sales fall; Wal-Mart posts rise Feb 8, 2009
Neiman Marcus Group Inc. said Tuesday its same-store sales tumbled 24. 4 percent. (Madison Daily Leader, SD)
