Thread regarding Neiman Marcus Group layoffs

The stores arent where the moneys at..unless they are top performers..its online ..where the growth is . Course they made the stores so obnoxious the regular public never felt welcomed ..#HowAboutThemApples

Calling them distressed would be putting it lightly. Motley Fool’s call out of being “doomed” is more accurate.

It doesn’t take a rocket scientist or a mathematician to see that the numbers don’t work.

Let’s start with $5 billion in debt. I don’t care what their deal w/ the devil is, but say the folks that own these junk bonds are asking for 5% return annually. That’s $250 million dollars each year or what Neiman Marcus’ total earning were last year and that’s not knocking down the debt, just interest. And that’s if they can attain ly results which they can’t and they’ll go deeper down the muti-bullion dollar hole.

They are condensing vs growing (aside from the Manhattan store that I’m sure they are already regretting, if not now, shortly) and their latest acquisition of a used clothing company is just in poor taste of what they once stood for. It’s laughable at best. They have lost touch with their customers and more importantly, themselves.

Without exponential expansion of stores, top line sales and profitability, there’s only one end for this once great establishment.

Next recession and they’re toast.