Neiman Marchs will go into bankruptcy, likely between 2018-2020. Problems began when TPG (and Warburg Pincus) drastically OVERPAID for the company when prior owners decided to auction it off. This was back in 2005 when economy was good. TPG figured... — read more 

Neiman Marcus will run out of cash probably in 2017 its down to 42 million and that's with emergency loans. they also just lost 430 million in past two quarters..now they are even trying to rent clothes. they are a complete wreck, firing Katz would... — read more 

Saks is in negotiations with Macys..this just broke news..The combined company and Nordstrom seperately. never mind Amazon would crush what little left there is of Neiman Marcus...Am following this.

According to the last 10 k filing we are now down about 2600 employees from 2008. or about 12 percent .they had the new store at roosevelt field.plus MyTheresa added..how much more can they cut? time will tell. And they still make no money... Ares... — read more 

How immanent is this? I guess only KK knows for now but all is pointing that this will happen very soon. I cannot predict things but I can share my gut feeling. It says that Neiman Marcus will be filing for bankruptcy within next 54 days. Why so... — read more 

The IPI you see referenced way below has been canceled...They are reviewing the whole company top to botom as we speak....a source of anger for the owners in their purchase.. separately. top employees get the boot..26 years of service means you are a... — read more 

holiday season has been rough...Neiman Marcus now rents clothes. Plus has been making more excuses for losses...January may be ugly. Also a desperate friends and family event was added...It loks like Neiman Marcus will lose more in first two quarters... — read more 

Just saw on Facebook the CFO left. No notice...nobody leaves a multi million buck cushy job..Thud sales have to be down even more..Nordstrom and Saks have been bringing even more competition..a new Barney's and a few new Bloomingdales too... It must... — read more 

Saks owner Hudson Bay was thought to want the company. That would have led to up to 3000 more layoffs...There was no way that could happen..too much debt ....not a great outcome likely..Neimans is advertising for low paid holiday help however...As it... — read more 

They just lost 407.25 million for calendar year. 466 million in write downs... Which means about 59 million lost in the last quarter as they had a bare profit..that's after 580 layoffs plus the secret ones. Of 17k or so employees...nobody seems safe... — read more 

The company is in such shambles it used a proocedural delay for its earnings....Everyone elses were out already in August...many ln the 11th or 12th..Theirs now come out Monday morning the 26 of Sep...They wont be good and they will have to identify... — read more 

Source: @NMnewscoverage (Facebook Group) -- As of right now Neiman Marcus is avoiding the press which is "circling" them to discover why they have not announced their earnings release. It was supposed to be done Sep 1 at the latest and is due by law... — read more 

Not sure why people keep quiet here - I see a lot of shares on FB but nobody is posting.... Hmmm, probably people fear that the mgmt may retaliate. Anyhow, it looks like that this round of job cuts (September 2016) is not as big as the previous one... — read more 

Not sure if the company has ability to recover, I am losing faith in our leadership - good luck to all associates

After yesterday's IT department slashing the next round would be near the release of year end results. This will be Sep 14 or 15... its likely for the year they made less than last year. last time the made 14.9 million or .029 percent...abysmal... — read more 

ANOTHER round of layoffs are currently under way at Neiman Marcus. :-(

You can comment on it here: https://www.thestoreclosing.com/c/neiman-marcus

NM doesn't treat it's hard working Labours with respect, it's a shame real shame.

When your company starts sending out emails about taking your vacation now..... that means they don't want to pay you out your vacation when they let you go. If your boss tells you to take your vacation now, you know what's in the future.

the next huge court battle among many for poorly run retailer occurs.... Company is under seige at all angles... Its highly probable incompetent CEO Karen Katz may be forced out soon...she is aware of her poor perfornance as are the 2 owners

all the Buddy System making the big dollars.

Jim Gold aka James Gold. VP. Sent out a demoralizing email stating this failing company isnt metting goals...aka a bad Christmas season...get your resumes in order. Do not trust the company...lookout for yourselves...more cuts are anticipated..it... — read more 

Several years ago full time associates had weekly hours reduced from 40 hours per week to 37.5. Effective in January, several Neiman Marcus Last Call locations will reduce full time weekly hours to 30 hours per week. Even if an associate wants to... — read more 

this is just another example.. the company will leave in corrupt employees and get rid of those that reported the corruption.. Karen Katz wouldn't have it any other way sad but true.. I contacted her when there was blood in food and a possible... — read more 

So Karen Katz sends out an email ab I UT the terrible business at the company and uses the excuse that the industry is down across the board. But the fact that they've gotten rid of top sales books across the company to save upfront expenses doesn't... — read more 

Karen Katz, Jim Gold and the other high level executives are incompetent. Since this group took over the senior leadership of the company, NM has not been the same. One blunder after another...The Target collaboration, The Chinese Website, opening... — read more 

Karen Karz... Why didn't you use the bankruptcy court to fix your debt problem. NM has 4.5 billion in debt. You don't have enough employees to lay off to pay that off.

Some people were fired yesterday. Next round of eliminating employees

I've heard rumors that more job eliminations are on the horizen for Neiman Marcus? Do you think they will wait to see how their holiday sales stack up or will they cut their losses while they can?? It's a shame at who is left "running the store."

No coincidence they needed to make the right "numbers" before the IPOD and the company goes public again. Executives will each make millions as 500 dedicated workers were let go so that the company can "improve how they run their business" and have... — read more 

Information below confirmed as fact. Neiman Marcus has laid off all loss prevention managers, all inner store credit card/customer service managers and all visual display managers. For a store that built its entire reputation on customer relations... — read more 

My support department, which protects this company's funds was completely hack-sawed. I lost my boss and my boss' boss. They've also taken away some of our effectiveness with certain policy changes. Now all of the support departments are completely... — read more 

The Beverly Hills Neiman Marcus lost several employees who have worked for the company 20, 30, and even 35+ years. A very sad and tragic day for the store.

Employees cannot do it due to privacy, each of you can help us spread the word and share this page.

Do you know what a typical severance package this year is? Anyone plese?

I know that at least two Sales Managers in North East were laid off. Such a shame. Some folks spent 10+ years at NMG and this is a great loss - I really do not know why they did not make an effort to figure out how to use all that talent before... — read more