Neiman Marcus
This luxury clothes retailer saw a 5% drop in its top-line sales to $4.7 billion in the 2017 fiscal year. The brand tried several things to make some improvements and RetailDive said they seemed to be working well. However, the company’s interest expenses are still a big burden.
Neiman Marcus
Bebe
Bebe’s sales began declining when Neda Mashouf, its creative director, left after she divorced her husband in 2007. Manny Mashouf founded the company in 1979. The declining popularity of malls had a major part in the challenges that Bebe is facing now. It reportedly had an operating loss of $4.6 billion in 2017. To try and remedy the situation, the company stayed away from its usual retail space. It paid out $65 million to close physical stores and focus more on e-commerce.
Bebe