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Tag Archives: Neimam Marcus

Neiman Marcus SS16 ad

Are luxury shoppers punch drunk from too much social media? Neiman Marcus thinks so

Is the luxury department stores sector in crisis? Judging by Neiman Marcus’s latest results, it might seem so. And while the big problem is consumer purses staying snapped shut, the company is also blaming social media and, by association, some of the biggest brands out there.

September 27, 2016 in Social Media.
Neiman Marcus SS16

Fashion retail’s winners and losers as shoes stay strong, handbags less so

“The prevailing sentiment across retailing is that the customer has less interest in shopping in stores, whether it be traditional department stores or other luxury specialty stores.” That’s what Neiman Marcus CEO Karen Katz said yesterday after delivering yet another quarterly drop in same-store sales and profits. That’s a sentiment many would echo at the…

June 15, 2016 in Footwear & Accessories, Retail.
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