Comment on Neiman Marcus Is Still Floundering

newsfeedback@fool.com (Adam Levine-Weinberg), The Motley Fool
Tue, 06/13/2017 - 4:35pm

Neiman Marcus Is Still Floundering

For the past year or so, luxury department store company Neiman Marcus has been teetering on the brink of bankruptcy. The combination of a broader retail downturn and the botched rollout of a new inventory management system has led to sharp sales declines and big losses.On Tuesday morning, Neiman Marcus reported that its sales downtrend slowed somewhat last quarter.

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