In an effort to focus on its full-department stores, Neiman Marcus is closing about 10 of its 38 Last Call outlet discount stores.
“This decision is about optimizing our Last Call store portfolio to deliver the best customer service and freeing up resources to support new initiatives for all full-line Neiman Marcus and Bergdorf Goodman channels,” said Elizabeth Allison, Senior Vice President of Last Call told Fortune. “We are investing in our strengths as the clear leader of high-end luxury retail.”
Fortune reported that Neiman Marcus suffered seven straight quarters of declining comparable store sales as a result of reduced shopper loyalty. Earlier this year, Neiman Marcus decided to put itself for sale and later decided not to.
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