Creditors hope to have the company solvent again next year. Though knocked out by the lockdown, the company was already sickly after years of private equity buyouts and its own general decrepitude.
At the end of March the coronavirus pandemic temporarily forced the closure of all 43 Neiman Marcus stores, as well as its two Bergdorf Goodman locations and Last Call outlets, all but stopping sales and crushing revenue. But while that may have been the immediate cause of Neiman’s filing, its problems had been building for years. The company took on an untenable amount of debt as part of two leveraged buyouts by private-equity firms and did not respond quickly enough to changes in shopping habits. Together, those developments left the group in a precarious position even before the virus hit.
In a video posted to Tiktok, a shopper asserts her constitutional right not to wear a mask in Costco, then her constitutional right to plant her rear on the floor. @keeping.up.with.kris Karen at Costco #karen #costco #YouGotIt #nomasknoservice #nomask #dumptrump #covid19 ♬ original sound – keeping.up.with.kris
Behold the new logo Australia shall henceforth use in its international branding efforts. It looks like coronavirus stock art and presumably cost taxpayers millions of dollars. It will directly replace the Australia Unlimited logo, which features two boomerangs forming the shape of Australia, and will primarily be used to represent the country during trade missions […]
Watch the b-roll in this Fox News clip and note who they show wearing masks.pic.twitter.com/f9Cr9xhkDS — Ben Collins (@oneunderscore__) July 1, 2020 Texas Lieutenant Governor Dan Patrick is prominent among Republicans angry about people wearing face masks to prevent the transmission of coronavirus during the Covid-19 pandemic. He dislikes it almost as much as he […]
With all due respect to our vegetarian friends, there might be nothing more intrinsically linked to the 4th of July holiday than a big ole cookout. Sure, fireworks and celebrating the birth of a constitutional republic are great too, but showing off your cooking prowess with a brilliantly seared, mouth-watering slab of grade-A American beef […]
We’re at the midway point of 2020. So…how’s the year going for you so far? Yeah…we can guess. But while there’s a lot about 2020 we can’t directly control, maybe a little retail therapy can help make you feel better. Sure, the 39 items we gathered together can absolutely bring a smile to your face. […]
When revved-up kids used to dribble a basketball through the kitchen or practice their footwork with a soccer ball in front of the television, exasperated parents would often just send ‘em outside to play. But these days, sending kids out might not be the best course of action. Despite all the changes, many budding young […]