Luxury Retailer Neiman Marcus Withdraw its IPO

Luxury Retailer Neiman Marcus Withdraw its IPO

Luxury Retailer Neiman Marcus Withdraw its IPO The luxury retailer Neiman Marcus has requested to withdraw its IPO (initial public offering). The company, which filed for its flotation in August 2015, said in a statement Friday it had “determined that it is not in its best interests to proceed with the initial public offering.” The […]

Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store

Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store

Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store $JWN JW Nordstrom’s off-price Rack is thriving, its full-line stores still may have a way to go to fully enter the discount space. In its Q-2, total comparable sales fell 1.2%. It is important to look at the breakdown: comparable sales for its full-line business […]