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Neiman Marcus Group, ravaged by COVID-19 lockdown, to furlough or cut salaries of most employees

April 1, 2020

Bergdorf Goodman is taking a stronger stance on digital. Image credit: Bergdorf Goodman

 

By Luxury Daily News Service

Most of the employees of U.S. department store chain Neiman Marcus Group will be put on furlough or face temporary cuts in their salaries as the COVID-19 coronavirus-induced lockdown takes its toll on retailers.

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  1. Luxury brands condemn racism even as looters damage Chanel, Bloomingdale’s and Nordstrom stores in US
  2. Savile Row tailor Huntsman makes face masks to match bespoke shirts
  3. Diptyque CEO on pop-ups, expansion and state of the fragrance market
  4. Day's wrap: Kering, LVMH, TAG Heuer, Ronald Lauder and Estée Lauder
  5. Dior goes for gold with flashy J'adore campaign
  6. Dior appeals to product-conscious consumers with sustainable skincare
  7. Subscribe now: Full access to 90,000+ articles, reports, videos and images
  8. Gucci and parent Kering take bold stand against racism, police violence in US
  9. Day's wrap: Post-work shopping's future, Bentley, Euromonitor, LVMH and Tiffany
  10. Alibaba is piloting AI-enabled shopping experiences
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