Department stores. Neiman Marcus leaves outlet operations

The retailer (with 30% of revenue from e-commerce) is expected to soon close more than 50% of the “Last Call” discount stores. The new focus is on selling luxury. In the U.S., the firm operates 22 “Last Call” outlet stores, 43 Neiman Marcus department stores and 2 Bergdorf Goodman department stores. Even if competitors like TJX Maxx, Nordstrom Rack and Macy’s Backstage are very successful operators for outlets, Neiman Marcus is focused on a major reorganisation of core business, combining offli