Neiman Marcus
Neiman Marcus witnessed a 5 percent decline in top-line sales during the 2017 fiscal year. The luxury clothes retailer attempted to improve the situation, and it seems to be working. Still, the company is suffering from its interest expenses. It has been suggested that they cut over 200 jobs and focus on a “Digital First” customer engagement plan.
Neiman Marcus
Bebe
Bebe is a fashion retailer that been in the industry since 1979. Things went downhill after creative director Neda Mashouf divorced founder Manny Mashouf in 2007. RetailDive also claims that its losses come from the declining mall foot traffic. In fact, it experienced an operating loss of $4.6 million in 2017. The company has started moving away from regular retail space. It shelled out $65 million to close down stores and shift its focus to e-commerce. Bebe had 180 locations in 2016, said Forbes.
Bebe