Report: Dallas-based Neiman Marcus preparing to declare bankruptcy | Click2Houston

Neiman Marcus Group is about to be the first major U.S. department store to suffer an extreme economic blow due to the coronavirus. A source has reported that the Texas retail brand is about to declare bankruptcy. This comes after the company had to close all 43 brick and mortar stores, and they had already furloughed some of their 14,000 employees. Currently the prospects for a turnaround is very low and continues to spiral downward. Two dozen Close Call stores and their two Bergdorf Goodman stores in New York have also closed down.

Source: https://www.click2houston.com/news/local/2020/04/20/report-dallas-based-neiman-marcus-preparing-to-declare-bankruptcy/