Cannabis oil is everywhere in the beauty market. Luxury retailer Neiman Marcus is now the newest home for the cult beauty ingredient. The Dallas-based retailer, which integrates chains including Bergdorf Goodman, Mytheresa, Horchow and Neiman Marcus Last Call, has announced that five locations plus ecommerce will now carry a number of CBD beauty...
Jan 17, 2019
The founder of the Neiman Marcus iLab contends retailers are hindering innovation - a surprising theory from a retail executive who six years ago had helped develop an innovative program to use technology to improve the consumer experience. With this background and strong stance on the state of the retail industry, Scott Emmons has joined...
Jan 15, 2019
Neiman Marcus Group Ltd LLC announcing its financial update for the first quarter ended October 27, 2018 said that total revenues of 1.10 billion dollars, represented an increase in comparable revenues of 2.8 percent from the same quarter a year ago. “Our first quarter results, marking our fifth consecutive quarter of comparable revenue...
Dec 7, 2018
Consumer tech retailer Soda Says, a UK-based company specializing in accessories across wellness and lifestyle categories, has just made its was to the U.S. market. Founded by Grace Gould in 2017, Soda Says has an agenda to make tech more accessible, with a mission statement “to curate tech products that makes sense for the world we live in, not...
Nov 3, 2018
Things aren't looking pretty for Neiman Marcus. Business of Fashion has reported that Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its MyTheresa business into an entity belonging to the retailer's private equity owners. "These recent...
Sep 21, 2018
Neiman Marcus Group has announced changes to the senior executive team. The company said, Carrie Tharp and Adam Orvos have both expanded oversight to deliver Geoffroy van Raemdonck’s strategy to transform the business and position Neiman Marcus Group to create a new, engaging, luxury retail experience for global customers. These two promotions,...
Sep 19, 2018
Neiman Marcus Group has appointed Darcy Penick as the President of Bergdorf Goodman. Starting her new position on September 4, 2018, Penick, the company said will report directly to Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group. “Darcy’s impressive leadership skills coupled with her success in digital and international...
Jun 26, 2018
Neiman Marcus Group has named retail veteran Adam Orvos as their new Chief Financial Officer. Orvos will begin in his role on April 25. In the interim, CFO Dale Stapleton will continue in his role as Neiman Marcus' vice president and chief accounting officer. The 53 year old business executive recently served as CEO of Total Wine & More from May...
Apr 3, 2018
Neiman Marcus Group Ltd LLC, for its second quarter of fiscal year 2018 ended January 27, 2018, reported total revenues of 1.48 billion dollars, an increase of 6.2 percent. During this period, comparable revenues increased 6.7 percent. The company reported net earnings of 372.5 million dollars compared to a net loss of 117.1 million dollars in...
Mar 12, 2018
Retail in the U.S. is largely a domestic industry, agree market experts. As such, the new taxation announced by Trump’s Administration will generally favor national retailers. The Tax Cuts and Jobs Act’s lower corporate tax rate benefits retailers more than other businesses in the country as this is a predominantly national market. Lowering the...
Jan 22, 2018
Neiman Marcus has named Geoffrey van Raemdonck as their new chief executive officer. He succeeds Karen Katz, who has served as chief executive since 2010. Prior to his new role, Raemdonck was the group president for Europe, the Middle East and Africa and global retail travel at Ralph Lauren. Before that, he was chief executive of St. John Knits...
Jan 5, 2018
Neiman Marcus Group has reported that its comparable revenues rose 4.2 percent in the first quarter of fiscal 2018 from the same quarter a year ago – the first increase since the fourth quarter of fiscal 2015 – supported by the company’s “Digital First” strategy and recent investments in new technologies and marketing tools. For the quarter...
Nov 22, 2017
