Neiman Marcus Group's asset
Neiman Marcus Group

@neimanmarcusgroup.com

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About

Description

Neiman Marcus Group is a luxury department store retailer based in the United States. Established in 1907, it has its headquarters in Dallas, Texas. Neiman Marcus operates primarily under two brands: Neiman Marcus and Bergdorf Goodman.


The company offers a wide range of luxury products, including apparel, accessories, beauty products, jewelry, home decor, and more. Its stores provide an exceptional shopping experience aimed at affluent customers seeking luxury and high-quality products. The company also has an online store that enables customers to access its products globally.


On a global scale, Neiman Marcus Group has established itself as a leading luxury retailer. It mainly operates in the United States, with stores across major cities. Neiman Marcus has also expanded its presence internationally through the e-commerce platform, allowing customers from around the world to purchase its products.


Aside from its main brands, Neiman Marcus Group has noteworthy subsidiaries such as MyTheresa, a Munich-based luxury online retailer. The company has also entered into partnerships with various luxury brands, ensuring a diverse collection of products for its customers. Neiman Marcus Group holds a strong market position, with high annual revenue.


It faces competition from other luxury retailers like Saks Fifth Avenue and Nordstrom, and is known for its high-quality merchandise and exceptional customer service. The company has focused on maintaining its unique position in the luxury market, offering exclusive products and personalized shopping experiences to its customers. In recent years, Neiman Marcus Group has faced significant challenges due to changing consumer preferences and increased online competition.


In 2020, the company filed for bankruptcy protection as a result of the economic impact of the COVID-19 pandemic. However, it emerged from bankruptcy in September 2020 under new ownership, with a restructured financial plan. As of the latest available information, Neiman Marcus Group is in the process of rebuilding and recovering from the challenges it faced during the pandemic.


The company continues to focus on providing a luxury shopping experience both in-store and online, with a renewed commitment to customer satisfaction and profitability

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Company Type

Privately Held

Company Size

10,001+

Year Founded

1907

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