Neiman Marcus Exploring Options, Including Potential Sale -<br />By RACHEL ABRAMSMARCH 14, 2017<br />The high-end department store Neiman Marcus said on Tuesday that it was evaluating its strategic options, including putting itself up for sale.<br />The disclosure highlights wider struggles at department stores, which have struggled to adjust as quickly as the rest of the retail industry to the new ways<br />that people shop — increasingly online, and away from brick-and-mortar stores.<br />The company operates 42 stores in the United States and two Bergdorf Goodman locations in Manhattan, according to its website.<br />The private equity firms Ares Management L. P. and CPPIB purchased Neiman Marcus in 2013.<br />The ratings service Standard & Poor’s cited that as one reason it downgraded Neiman Marcus’s credit rating to triple C-plus last month.<br />Department stores as a whole have struggled to compete online.<br />Neiman Marcus said it had not set a timetable to evaluate all of its options.
