Neiman Marcus Group, parent company of Neiman Marcus and Bergdorf Goodman, swung to a profit of $19.82 million in the third quarter, from last year’s Q3 loss of $8 million.
Neiman Marcus Group has named Donald T. Grimes as its new EVP, chief operating officer and chief financial officer. He succeeds Jim Skinner, who has been named vice chairman, a newly created position. Grimes comes to Neiman Marcus from Wolverine World Wide where he has been SVP, CFO and treasurer. …
The mobile wallet, launched with help from Capital One, will let Neiman Marcus shoppers make in-store purchases without a physical credit card present.
A 250,000 sq. ft. Neiman Marcus store will anchor the retail part of the Hudson Yards development on Manhattan’s west side, along 10th Avenue between 31st and 32nd Streets.
Neiman Marcus Group is being acquired by Ares Management and the Canada Pension Plan Investment Board for $6 billion.
Killer instinct: Heidi Wanderley of Neiman Marcus follows her gut.
Neiman Marcus will close its only Minneapolis store by July next year, according to local reports.