Neiman Marcus
Neiman Marcus experienced a 5 percent decline in top-line sales during the 2017 fiscal year. It made various attempts to improve things. While they seem to be working, it is still suffering from interest expenses. Other suggestions involve laying off 200 people and focusing on a customer engagement plan called “Digital First”. Canadian company Hudson’s Bay once thought of buying it but plans fell through.
Neiman Marcus
Bebe
The decline of Bebe’s sales started when creative director Neda Mashouf divorced founder Manny Mashouf and left the company. It is also a victim of lower foot traffic in malls. It experienced $4.6 million in operating loss back in 2017. It tried to fix the situation by avoiding the typical retail space. It spent $65 million to shutter physical stores and focus solely online. In 2016, Bebe had 180 stores in operation.
Bebe
