The private-equity outfit that owns 100-year old luxury retailer Neiman Marcus has hired advisers to shop the company for a sale. Neiman might come with a lot of baggage, including almost $5 billion in debt rated at junk status. In the age of internet retail, is there any appeal in owning a high-end department store […]

A look at how Neiman Marcus is bringing a century-old company into the digital age

The high-end and lower-end retailers team up to sell the same designer items at the same prices at both stores. Why? We ask innovative consultant, Debra Kaye.