- Neiman Marcus is permanently closing four of its department stores, as well as 17 off-price Neiman Marcus Last Call locations, according to court documents filed Thursday.
- The company was one of the first major retailers to file for Chapter 11 bankruptcy protection in May amid the coronavirus pandemic.
- “These store closings will help ensure the continued long-term success of our business and underscore our relentless focus on providing unparalleled experiences of luxury and commitment,” a Neiman Marcus Group spokesperson said in a statement to Business Insider.
- Here is the complete list of closings.
- Visit the Business Insider home page for more stories.
Neiman Marcus is permanently closing stores across the country, right after his bankruptcy filing in May.
The luxury department store company is closing four locations, as well as 17 of its Neiman Marcus Last Call stores, according to court documents filed Thursday. Among them is the location of the Hudson Yards in New York City, which opened just over a year ago to significant fanfare as part of the highly anticipated development of high-end shopping malls on the west side of Manhattan.
“As part of our Chapter 11 proceedings, we provide the court with a list of Neiman Marcus stores to be closed,” a spokesman for the Neiman Marcus Group said in a statement to Business Insider. “These store closings will help ensure the continued long-term success of our business and underscore our relentless focus on providing unparalleled luxury engagement and experiences.”
Neiman Marcus was one of the first major retailers to file for Chapter 11 bankruptcy protection amid the coronavirus pandemic, which caused the temporary closure of stores and contributed to the drop in sales. In a statement in May, CEO Geoffroy van Raemdonck said part of the decision was due to “inexorable pressure” from the outbreak.
“Prior to COVID-19, the Neiman Marcus Group was making solid progress on our journey to profitable and sustainable long-term growth,” said Raemdonck at the time. “We have increased our unrivaled luxury customer base, expanded our relationships with industry-leading customers, achieved greater omnichannel penetration, and have made significant progress in our transformation to become the quintessential luxury customer platform.”
See the full list of closures, below.
