Neiman Marcus
In the 2017 fiscal year, luxury retailer Neiman Marcus saw its top-of-the-line sales fall down to $4.7 billion, down by 5%. Some proposed solutions were to cut 200 jobs and create a “Digital First” customer engagement program. It was speculated that the Canadian corporation, Hudson’s Bay, would have bought high-end stores, but plans later failed.
Neiman Marcus
Bebe
Since 2007, when artistic director Neda Mashouf left the company and divorced her husband Manny Mashouf, Bebe’s revenues have declined. Manny founded the brand in 1979 but faced setbacks with the recent downturn in malls and their popularity. The operating loss was listed around $4.6 million in 2018. The business agreed to pay $65 million to close its retail stores and concentrate on e-commerce.
Bebe
