Neiman Marcus reportedly cutting 225 jobs
News
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Jul 2017
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Neiman Marcus announced last week that it will eliminate 225 jobs as part of its ongoing reorganization effort. The struggling department store chain is said to have reported it also ended efforts to sell itself. Canadian department store company Hudson's Bay, which already owns Lord & Taylor and Saks Fifth Avenue in addition to its flagship stores, was in talks about a takeover until June. As it continues to stem falling sales, the company has begun to scrutinize the size of its Last Call off-price fleet.
