Neiman Marcus Filed for Bankruptcy
Posted on Monday, May 11th, 2020 at 5:07 pm
Neiman Marcus, a luxury department store chain, has filed for bankruptcy. CNBC reported that the problems that Neiman Marcus was facing included debt and the coronavirus pandemic. The company filed for bankruptcy, a deal that includes handing its business over to creditors.
It is not unusual for stores that have been saddled with a lot of debt – for whatever reason – to have to make tough decisions about filing for bankruptcy. The new twist here is that the coronavirus pandemic has closed retail stores that would otherwise be open, greatly limiting foot traffic and the ability for stores to sell directly to customers.
For those who love the Neiman Marcus brand and style, there are some ways you can save on those products right now. The Neiman Marcus website currently has an “Up to 50% off” sale. It includes a wide variety of things including shoes, hair accessories, bags/purses, pajamas, dresses, pants, shirts, and even some extremely unique looking home décor. Several of these items have been recently marked down from the original sale price.
There is also a clearance sale on the Neiman Marcus website. As always with clearance sales, it is hard to know for certain how long these items will be available.
There is also a limited time offer where customers can “earn a $50 – $2,400 gift card” by using a code on the Neiman Marcus website. In general, these types of offers require customers to spend a certain amount of money before they can earn a gift card. There may not be time for that with a store that has filed for bankruptcy.
Another thing to keep in mind is that Neiman Marcus is expensive. These sales have lowered the price on some items, but they are still going to be far outside of the budget of most consumers.