×
106 050
Fashion Jobs
ESTÉE LAUDER
Senior Manager, Global Product Marketing, Too Faced Cosmetics
Permanent · Irvine
SALLY BEAUTY CORPORATE
Account Executive - Cosmoprof
Permanent · Omaha
SALLY BEAUTY CORPORATE
Account Executive - Cosmoprof
Permanent · San Diego
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Topeka
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Lapeer
ALL SAINTS
Senior CRM Executive
Permanent · New York
TJ MAXX
District Loss Prevention Manager - Tustin, ca
Permanent · Tustin
MARSHALLS
Loss Prevention Detective - Boston
Permanent · Boston
TJ MAXX
tj Maxx lp Detective
Permanent · Castro Valley
HOMEGOODS
Loss Prevention Detective
Permanent · Champaign
TJ MAXX
tj Maxx lp Detective
Permanent · Cupertino
HOMEGOODS
Loss Prevention Customer Service Associate Full Time Now Hiring
Permanent · Portland
TJ MAXX
Loss Prevention Detective Cambridge, ma
Permanent · Cambridge
TJX COMPANIES
Distribution Center Loss Prevention Investigator
Permanent · Pittston
TJ MAXX
Loss Prevention Detective
Permanent · Paramus
HOMEGOODS
Loss Prevention Detective Full Time Now Hiring
Permanent · Beaverton
RAG & BONE
Sales Supervisor (Full -Time) - Christopher st
Permanent · New York
CENTRIC BRANDS
Supply Chain Operations Analyst
Permanent · Greensboro
CENTRIC BRANDS
Social Compliance Associate
Permanent · Greensboro
CENTRIC BRANDS
Vice President, Operations
Permanent · New York
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Wethersfield
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Pittsburgh
Advertisements
Published
Sep 13, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Neiman Marcus to close 25% of its Last Call stores

Published
Sep 13, 2017

Back in July, Neiman Marcus cut 225 jobs and was strategizing the direction of its discount Last Call chain. Less than two months later, the luxury retailer has made the decision to close 25% of its Last Call stores —  which equates to 10 stores out of 38 — due to a severe decline in sales at its regular Neiman Marcus stores.  


Neiman Marcus closes 25% of its Last Call stores. - Neiman Marcus


As with competitors Nordstrom and Barney’s New York, Saks originally made the decision to expand its discount stores in an effort to boost sales despite the risk that shoppers would gravitate towards discount goods over full-price. Case in point, all three stores have seen a decline in department store sales in comparison to retail outlets.

The decision to close the Last Call stores, announced on Tuesday, follows seven straight quarters in a row reflecting plummeting sales at regular Neiman's stores. "This decision is about optimizing our Last Call store portfolio to deliver the best customer service and freeing up resources to support new initiatives for our full-line Neiman Marcus and Bergdorf Goodman channels,” said Elizabeth Allison, senior vice president, Last Call in a company release. “We are investing in our strengths as the clear leader of high-end luxury retail.”

Neiman Marcus also wants to restructure its existing Last Call stores to offer more merchandise from its regular stores to provide greater appeal to the consumer despite the fact that the made-for-outlet merchandise offers higher margins.

Copyright © 2021 FashionNetwork.com All rights reserved.