PodcastsJan 12, 2026
The latest poscasttest
MajorsMar 16, 2017
Neiman Marcus Is Looking for a Buyer
The struggling luxury department store announced this week that it’s exploring its options, including a potential sale.
The struggling luxury department store announced this week that it’s exploring its options, including a potential sale.
Dallas, Texas--Debt-laden luxury department store chain Neiman Marcus said Tuesday that it is “(evaluating) potential strategic alternatives, which may include the sale of the company.”
Like many department stores, the Dallas-based company, which also owns MyTheresa.com and various real estate holdings, is struggling to combat declining sales and offset its $4.9 billion debt load.
In its second fiscal quarter ended Jan. 28, Neiman Marcus reported that total revenue decreased 6.1 percent year-over-year, falling to $1.4 billion from $1.49 billion. Comparable revenue dropped 6.8 percent.
Factoring in non-cash impairment charges, the luxury retailer reported a loss of $117.1 million in the second quarter, compared to earnings of $7.9 million in the same quarter last year.
In January this year, the company withdrew its initial public offering, which it had submitted in 2015.
Sources told The Wall Street Journal this week that the company, which is owned by private equity firms, is in talks with Hudson Bay Co., which owns Saks Fifth Avenue and Lord & Taylor.
Earlier this year it was widely reported that Hudson Bay Co. was in talks to purchase Macy’s, though sources indicated to the New York Post this month that the deal has stalled due to Macy’s high asking price.
RELATED CONTENT: The Malaise of Macy’sIn its second quarter earnings statement, Neiman Marcus said that a team of financial advisors would explore selling options or alternatives “to optimize its capital structures” though there was no specific timetable set or guarantee that any action would be taken.
They also said that they didn’t expect to comment on a potential sale until a move had been approved by the board of directors.
Neiman Marcus ranks No. 13 on National Jeweler's 2016 State of the Majors "$100 Million Supersellers" list, with an estimated $510 million in watch and jewelry sales in 2015.
Editors' Picks
Sponsored by
More on Majors
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SourcingOct 08, 2024
Rio Tinto Begins New Phase of Production That Will Extend Diavik’s LifeCommercial production has begun underground at the Canadian diamond mine’s A21 pipe.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 08, 2024
Is Current Diamond Industry Turbulence Shaping a ‘New Normal’? Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
