Neiman Marcus
In 2017, Neiman Marcus experienced a 5% decline in its top-line sales. Suggested strategies were to cut out 200 jobs and make a “Digital First” customer engagement plan. Hudson’s Bay had been in talks to acquire this high-end retailer, although this plan did not materialize.
Neiman Marcus
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Bebe
Bebe started to go downhill when Neda Mashouf, the creative director, divorced founder Manny Mashouf and left the company. With the current decline of mall culture, the company has been dealing with a number of problems. In 2018, it suffered an operating loss of $4.6 million. The company also paid $65 million to close retail stores and channel its attention on e-commerce instead.
Bebe