No Business Is Safe When It Comes To Bankruptcy

Published on 04/13/2020
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Neiman Marcus

During the 2017 fiscal year, Neiman Marcus experienced a 5% decline in top sales. It’s been trying to improve the situation in various ways. It seems to be functioning, according to RetailDive! The firm still harms its interest rates. It was proposed that the company would cut off staff to create a customer engagement program, “Digital First.” Initially, a Canadian company named Hudson’s Bay wanted to buy it, but the plan ended abruptly.      

Neiman Marcus

Neiman Marcus

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Bebe

When Manny and Neda Masouf split. The latter left the company in 2007 after working as a longtime creative director. The fashion retailer also struggled when fewer people are currently going to the mall. In 2017, it reported a loss of $4.6 million. The firm decided to spend $65 million primarily on e-commerce and shut down physical stores.     

Bebe

Bebe

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