Neiman Marcus

Analysis of Current and Future Plans Neiman Marcus Background and Overview Neiman Marcus is a premier luxury retailer with distinctive merchandise and superior service. They opened in Dallas, Texas in 1908. Since 1908, Neiman Marcus has opened 40 additional stores. In 2010, the current count is 41 retail stores and 28 clearance centers called Last Call Neiman Marcus. As you can see from the chart, Neiman Marcus sells very diverse items. The largest category is women’s apparel, followed by

Factual Background/ Summary This negotiation, which occurred in 2005, was regarding the sale of Neiman Marcus Group (Neiman) and joint corporate agency comprising of 2 large private equity firms namely Texas Pacific Group (TPG) and Warburg Pincus (Warburg). It is potent to note that at the time of the said acquisition, Neiman was at the height it’s industry (refered as the “crown jewel”) , i.e its managerial team was held in high esteem, their stocks were at an optimum level, their financial health

Merchandise Philosophy of Nordstrom vs Neiman Marcus. To encourage customers to purchase their products or items and spend more time shopping, retailers utilize numerous strategies. A couple of this technique may be promotions or sales. Another useful tactic to draw customers attention base on the retailers merchandising philosophy. Such strategies are recognizable the minute the customer or potential customer enters the store. Merchandising philosophy may include store design and atmosphere, product

Luxury Department Store Neiman Marcus Still Feeling the Effects of 2013 Data Breach Neiman Marcus may be known for its luxury goods, whether it is clothing, handbags, shoes and more; however, the retailer is proving that companies feel lasting effects from a data breach. The situation began in December 2013 when the high-end retailer found that some customers had fraudulent charges on their credit cards; therefore the company disclosed in January 2014 that the data breach affected 350,000 credit

statement. Particularly, I will critique on the company's results, compare it to past years, compare it to competitors, and make recommendations on how to improve its financial position. Neiman Marcus department stores offer luxurious and high-quality men's and women's apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3.5 billion. More importantly, their gross profit was $1.2 billion. Their

Neiman Marcus is one of the world’s most successful luxury retail stores. Their products include clothes, shoes, handbags, jewellery, and accessories all catering to the upscale market. Herbert Marcus, Sr., Carrie Marcus Neiman, and A.L. Neiman started the company in 1907. They were supposed to invest in an unknown company but instead used their money to put up their own business. The unknown company ended up being Coca Cola. Neiman Marcus currently has 15,100 employees with 42 stores across the

There is a moderate threat of new entrants for Neiman Marcus, and since the luxury retail industry is so densely populated it is difficult for new brands to stand out unless they are offering something that differentiates them from all the other brands. For company of Neiman Marcus’ size, it is hard for new entrants to come in without the necessary financials needed to start a business of this scale. It is also difficult for new entrants to come into the market if they don’t already have the established

Neiman Marcus (A) Analysis of Growth Strategies Executive Summary Neiman Marcus (NM), which mainly serves the high-end retail market, is currently facing a tough future. Although it currently enjoys high profit margins and has made significant improvements in its existing brand performance, its growth has plateaued. NM believes that there is only limited potential for growth of its current full-line stores while maintaining its exclusivity. As a result, it is considering other growth opportunities

Neiman Marcus is a department store that provides various luxury products including apparel, accessories, jewelry, beauty and decorative home products to the affluent consumer. Also, Neiman Marcus has both physical and online store. Its headquarter was located in Dallas, Texas. Neiman Marcus also provides different service to consumers, such as one-on-one sales assistance, membership service, and replenishment service (“Company Information”, n.d.). Customers in Neiman Marcus are mainly male and female

Neiman Marcus and Target Neiman Marcus and Target are stores that provide goods and services to consumers in a traditional brick and mortar set up with auxiliary outlets online and via catalogue. Neiman Marcus prides itself on delivering to the discerning consumer unique and innovative items much like a boutique store. Whereas Target is considered a discount retailer, second only to Wal-Mart, providing a wide variety of everyday items from groceries to furniture. While both Neiman Marcus and Target