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The Business of Fashion

Dallas, United States

Luxury

Inside Neiman Marcus’ Post-Bankruptcy Playbook

The luxury department store company plans to win shoppers with redesigned stores, faster shipping and digitised personal shopping.

Retail

Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores

The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.

Financial Markets

Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue

A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.

Financial Markets

Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing

The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.

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Retail

America’s Retailers Return to Lure Virus-Weary Shoppers to Malls

States including Texas, Georgia and South Carolina are allowing stores to resume business. But no one knows if shoppers will even want to come back — much less spend money on clothing.

Retail

Report: Neiman Marcus in Bankruptcy Talks With Lenders

The luxury retailer is struggling to ease its $4.3 billion debt load, according to a report by Bloomberg.

Luxury

Luxury’s Supply Chain in the Spotlight

This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.

Retail

Plus-Sized Retailer Avenue to Close All 222 Stores

Like many retailers in the plus-sized market, Avenue has been under pressure as rivals such as Amazon and Target encroach on the space.

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Retail

Neiman Marcus Creditors in Preliminary Agreement to Extend Debt Maturities

The agreement is a step toward restructuring borrowings for the heavily indebted company.

News & Analysis

Neiman Marcus Disputes Marble Ridge Over Asset Transfer

Marble Ridge’s suit alleges that the shuffle of e-commerce unit MyTheresa constituted a “fraudulent transfer of assets totaling approximately $1 billion of value for no consideration."

News & Analysis

At J.C. Penney, Everything’s on Sale. Will That Be Enough?

The retailer's push to scrap as much of its inventory as possible through bulk sales may spell more pain in the short term and put additional pressure on margins.

Media

Bag Snob Launches Influencer Agency, Signs Diet Prada

Tina Craig, Suzanne Droese and Lynsey Eaton speak to BoF about launching 'Estate Five' and how they plan to redefine influencer management.