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Retail

Neiman Marcus Group to shut off-price stores, slash 750 jobs and unify ecommerce and in-store teams

March 12, 2020

Chanel's spring/summer 2020 collection glasses selling at Neiman Marcus. Image credit: Neiman Marcus Chanel's spring/summer 2020 collection glasses selling at Neiman Marcus. Image credit: Neiman Marcus

 

By Luxury Daily News Service

In yet another change afflicting luxury retail, U.S. department store giant Neiman Marcus Group is revamping its operations, including shuttering its off-price business, merging in-store and online teams and selling off two distribution centers in Texas.

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