Topics regarding layoffs at Neiman Marcus Group

Topics regarding layoffs at Neiman Marcus Group

Neiman Marcus sued by bondholder

http://www.abladvisor.com/news/15394/neiman-marcus-charged-with-fraudulent-transfer-of-1b-of-assets-to-pe-firms "If the Company is unable to repay or refinance the Credit Agreement three months prior to the October 2020 maturity, this will trigger a... — read more 

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Post ID: @OP+WzWIbK5

Q1 Financials - More huge losses for Neiman Marcus

$28.2M loss for Neiman Marcus in the first quarter...not a good way to impress debt holders into restructuring $5B in debt https://www.businesswire.com/news/home/20181206005095/en/Neiman-Marcus-Group-LLC-Reports-Quarter-Results

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| 1080 views | | 1 reply (December 26, 2018)
Post ID: @OP+WuAf8W3

Things are getting ugly fast for NM...

Excerpt from article and link below: "Neiman Marcus declined to comment on the letter." “The letter today shows that, clearly, Neiman is in a corner,” said David Tawil, president of Maglan Capital, a distress-focused hedge fund uninvolved in the... — read more 

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| 1260 views | | 1 reply (December 4, 2018)
Post ID: @OP+WrVlYE7

Oh Boy! Not looking good for Neiman

Talks to restructure $5B in debt fall apart... https://www.marketwatch.com/story/neiman-marcus-ends-restructuring-talks-without-reaching-a-deal-2018-11-30

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| 1123 views | | 1 reply (December 1, 2018)
Post ID: @OP+WopCg0C

Time is running out for Nieman Marcus

$5B in debt is an insurmountable amount to pay off, especially when you are losing money quarter after quarter. They can close all the Last Call stores they want; it's only a matter of time... — read more 

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| 1490 views | | 4 replies (last November 5, 2019)
Post ID: @OP+VOW1h3x

Mess all over the place..Still

First their earnings are all based on a tax credit...Now creditors are threatening to sue. They just lost that supposed rent the runway collaboration that was supposed to bring in millions... Now their data breach settlement was thrown out which... — read more 

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| 1241 views | | 2 replies (last October 26, 2018)
Post ID: @OP+VlSjd9f

Neiman Marcus Debt

Things are going to get pretty interesting soon... https://www.cnbc.com/2018/09/21/debt-investor-says-neiman-marcus-may-be-in-default-and-insolvent.html

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Post ID: @OP+VjVRD80

More Last Call locations closing

Articles today are focused on earnings, but they are somewhat overlooking the fact that Neiman Marcus just announced that 3 more Last Call locations will be closing in July. This is in addition to the 11 locations that have already closed earlier... — read more 

Wasp

The employees might end up working at Farmers market

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| 1340 views | | 1 reply (March 9, 2018)
Post ID: @OP+S6pYAOS

8 Companies That Could Disappear by 2019

https://investorplace.com/2018/02/8-companies-disappear-2019/#.WoRJB53wbRY "Neiman Marcus is not a publicly-traded company, but a noteworthy name to investors all the same. The struggles that the department store chain faces are applicable to other... — read more 

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| 2182 views | | 3 replies (last March 9, 2018)
Post ID: @OP+RJbuhIP

So much for the Amazon scapegoat

Everyone believing the media hype that Amazon is causing retail's demise when Amazon only accounts for around 4% of total retail, and now they're even laying people off... — read more 

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Post ID: @OP+RHZRQn5

Nieman Marcus Credit Rating Lowered

Excerpt: "Standard & Poor's lowered its rating on department store operator Neiman Marcus Group from B-minus to triple-C-plus, putting it in a ratings category that signals substantial risk of default. It is keeping a negative outlook. Analysts say... — read more 

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| 1470 views | | 2 replies (last March 4, 2018)
Post ID: @OP+RH70zOJ

New Tax laws may end up hurting NM

Nice little snippet from this linked article: https://www.cnbc.com/2018/02/02/as-retailers-herald-tax-savings-still-closing-stores-axing-staff.html "Third, the new tax law actually puts more pressure on leveraged retailers (of which there are many)... — read more 

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| 1340 views | | no replies yet
Post ID: @OP+Rxufk1g

Possible bankruptcy in 2018

It seems things are truly as bad as we have feared. A list of retailers that are expected to announce bankruptcy next year is out, and to nobody's surprise, Neiman Marcus Group is on it. 2018 will be awful... — read more 

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| 3970 views | | 8 replies (last March 23, 2018)
Post ID: @OP+QXyEfvW

Loss was big- company retrentching

So they lost 531 milliion, My guess was 650 million but over guessed. Neiman marcus s---s stated on facebook 529 million they were much closer and I am wowed by their near accuracy... Despite this they paid the Board more....... see my post below... — read more 

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| 2903 views | | 4 replies (last August 29, 2018)
Post ID: @OP+PHLc979

Neiman Marcus - Death Spiral

Interesting article that interviews Hudson's Bay CEO and quotes him saying that "closing stores starts a spiral that can't be stopped........It's almost as if he were speaking directly to NM. Hudson's Bay pulled the plug on the NM acquisition because... — read more 

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| 2720 views | | 1 reply (October 9, 2017)
Post ID: @OP+PFtXTRg

new results coming- HUGE LOSS to be reported

just saw the latest on this . The company already is down 165 million for this financial year. according to Neiman Marcus s---s page on Facebook it is likely around 529 million this time. All the down scaling they have already done with this... — read more 

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| 3380 views | | 2 replies (last October 4, 2017)
Post ID: @OP+PvkeNej

Neiman Marcus Last Call Stores Trending

Neiman Marcus Last Call discussion board is currently the top trending board on the StoreClosing.com https://www.thestoreclosing.com/

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| 2501 views | | 1 reply (September 15, 2017)
Post ID: @OP+PhteY7T

Trouble Lurking at Neiman Marcus Manhattan Store

I guess the real question is what will happen first, Nieman Marcus announcing bankruptcy or the opening of the Manhattan store? This is an an excerpt of the article (link to article below) "One industry source briefed on the talks claimed the... — read more 

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| 3130 views | | 4 replies (last March 9, 2018)
Post ID: @OP+Pg5ziLj

Neiman Marcus Last Call - Closing 25% of its stores

Looks like NM wants to distance itself from the Last Call brand, and focus more on its bread and butter high-end luxury. Wouldn't be surprised if they closed Last Call stores all together. Future for NM looking very bleak, writing is on the... — read more 

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| 2923 views | | 2 replies (last September 15, 2017)
Post ID: @OP+PflXkXu

Ten Last Call stores closing

It's been confirmed, Neiman Marcus is closing ten more Last Call stores. This will cost nearly 250 people their jobs. Sores are: Horchow Finale store in Plano Philadelphia Premium Potomac Mills in Woodbridge Arizona Mills in Tempe Gurnee Mills in... — read more 

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| 2910 views | | 1 reply (September 13, 2017)
Post ID: @OP+PfGBuXZ

Neinans disintegrating

https://m.facebook.com/story.php?story_fbid=760273704155361&id=238642959651774. Saks dodged a bullet...the company a mess top to bottom...sad. Get out while you can if you feel your job is threatened

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| 3131 views | | 1 reply (July 31, 2017)
Post ID: @OP+Oxcbg7e

More layoffs for hourly employees

More Neiman Marcus layoffs today. I was an hourly employee that has been pulling 70 - 120 internet orders a day, consistently. I was part of the working poor, now I am part of the unemployed poor. I do not comprehend what would possess a company to... — read more 

225 new layoffs..breaking news

The company is such a disaster 225 more are getting laid off...not a suprise....As they are set to lose 100s of millions more... They call it. "streamlining" ....

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| 3830 views | | 8 replies (last July 28, 2017)
Post ID: @OP+OsWetji

More Data Breaches for NM

More troubles and more data breaches for Neiman Marcus....maybe this is why it's Lead CyberSecurity Officer just resigned..... https://www.dmagazine.com/business-economy/2017/07/neiman-marcus-continued-struggling-with-data-breaches-documents-show/

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| 2290 views | | 1 reply (July 22, 2017)
Post ID: @OP+OnAp7dd

Heightened Risk of Bankruptcy - Neiman Marcus

Bankruptcy seems like the only likely conclusion. No one will purchase them, Its inevitable, just a matter of time..... http://bankruptcompanynews.com/neiman-marcus-group-ratings-lowered/

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| 2250 views | | 1 reply (July 11, 2017)
Post ID: @OP+OcF22f3

New layoffs.. Texas

They are closing the Allen store...That is two closures in a few months with no notice..According to Neiman Marcus S---s on facebook the company is set to lose over 350 million this year....Be weary... Things are clearly not good.. Plus they are... — read more 

Layoff estimates

Lets try to estimate how big the next round of layoffs will be and who will be affected the most. At this point in time, given the horrible financial performance we should be ready to face some major job loses.

Neiman Marcus - Another bad Quarter

Q3 2017 earnings just released. Net loss of $25 million and 7th consecutive quarter of sales declines. Wow, this is obviously not sustainable, something has got to give, very soon imo... — read more 

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| 2910 views | | 1 reply (June 14, 2017)
Post ID: @OP+NLWFFOC

New report. Tuesday thsday 13th

Will layoffs be announced? I think they will. Saks just lost a hundred million in sales..i bet they lost at least 50 million..they are way smaller too

Question

The movement within Natick certainly indicates a closing.But all is silent ? Any dates for this impending closing?

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| 1764 views | | no replies yet
Post ID: @OP+NpHQYfY

store closing (s)

Just saw on neiman marcus s---s on facebook that the Denver last call store closed and employees ended up with no notice on it.. They used a storm to drop their lease. hope the 25 or however many employees recover soon. that was their only off price... — read more 

Saks deal falling apart

http://www.cnbc.com/2017/05/08/hudsons-bay-taps-debt-adviser-amid-neiman-marcus-bid-challenges-sources.html. Saks has ran into major roadblocks to buy the company. ..IDIOTS.... What they really did was set the stage to buy chunks of it later... While... — read more 

Neiman Marcus planning for Bankruptcy

Interesting article on NM future planning to enter into bankruptcy. Excerpt below: http://nypost.com/2017/05/04/saks-fifth-ave-neiman-marcus-merger-talk-hits-a-roadblock/ "But talks between the two have stalled as Neiman’s term loan lenders and... — read more 

The Demise of Neiman Marcus

All of you predicting bankruptcy and pending doom for Neiman Marcus seem to be right. Look at all these articles written just this past week (7 links below). Also, Neiman Marcus Su*ks Facebook page has a wealth of information. Just seems like its a... — read more 

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| 3660 views | | 2 replies (last July 11, 2017)
Post ID: @OP+MUgcPei

chaos not under control

all hell is occuring in the top echelon of the company. a secret leak said they are trying to sell the company. Karen Katz would be removed. Saks supposedly wants to.buy the company but not the debt. which means it would be partially ripped... — read more 

Why still hiring?

I see everyday that there are new job openings at NM? Why is this? It doesn't make sense.....

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| 1270 views | | no replies yet
Post ID: @OP+LKGtz6e

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