With coronavirus-related restrictions slowly being lifted in a number of states, companies including Macy’s, Nordstrom, Caleres and Ulta have joined the list of U.S. retailers slowly reopening their stores.
As uncertainty related to the Covid-19 crisis continues, the historied American fashion brand is reportedly looking for a buyer, having extended a sale process which was initially set in motion at the end of last year.
An investor group that comprises investment firm Mudrick Capital Management and hedge fund Third Point plans to challenge a $600 million financing package that Neiman Marcus has lined up for its looming bankruptcy.
With the Covid-19 pandemic meaning that many Americans are currently working from home, a recent survey from Nordstrom Trunk Club suggests that lounge and activewear have become the top lockdown trends.
Neiman Marcus Group is said to be preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak.