Nieman Marcus Group, the American retail stalwart, has dropped its plans of separating e-commerce from its bricks-and-mortar operations.
In comments shared with media, Geoffroy Van Raemdonck, Chief Executive Officer (CEO), Neiman Marcus, said “That’s not … for us.” The CEO was, reportedly, referring to Saks Fifth Avenue’s move to split its e-commerce and physical stores operations.
Industry experts, however, believe that Van Raemdonck as a CEO has more liberty to drop such plans, in contrast to Kohl’s or Macy’s that are under more pressure to split both e-commerce and bricks-and-mortar.
More on this, Van Raemdonck said that it would interfere with the smooth integration of all consumer channels.
Headquartered in Dallas, Texas, Neiman Marcus had filed for bankruptcy on 7 May 2020 due to high debts. It generated US $ 4.9 billion in 2018.
Also Read: Neiman Marcus has no plans to sell Bergdorf Goodman
