The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
Neiman Marcus Eliminates 225 Jobs
As it streamlines operations, the retailer also will evaluate its Last Call off-price division.
Dallas--Another department store has made a round of job cuts as it struggles with lagging sales.
Luxury retailer Neiman Marcus said it cut about 225 positions, effective Thursday, across all brands and operating divisions.
The company said the eliminations came as a result of “streamlining (its) operations to complement (its) strategic focus.”
“To better align our operations and team with our business strategy, we regularly evaluate all aspects of our business to determine when and where changes make the most sense for our customers and our company,” a Neiman Marcus spokesperson said.
The company said affected employees have been offered severance packages and will be considered for other Neiman Marcus Group job openings.
Additionally, the retailer also said it is evaluating Last Call, its off-price outlet stores, to make sure that it has the right mix of brick-and-mortar and online business. The company has closed three of the stores in the past few months.
Neiman Marcus not only is struggling with sales but also is under a nearly $5 billion debt burden.
The retailer has been in the same boat as a lot of the large department stores recently, undergoing rounds of layoffs, including cutting nearly 100 workers last August as it restructured its information technology department.
The company also had plans to go public, filing an IPO in August 2015, which was postponed for a few months amid market volatility and, finally, withdrawn in January.
Then, in June, the retailer said its search for a buyer had come to a halt as conversations with the Hudson’s Bay Company, which owns rival Saks Fifth Avenue, stalled.
Editor’s Note: This story was updated on July 28, 2017, to reflect that Neiman Marcus is $5 billion in debt, not $5 million, as was previously stated.
The Latest
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA