The Latest Breaking News from Neiman Marcus

Companies from toothpaste makers to beauty chains are adding more premium items like designer creams and services as they reach out to wealthier shoppers who are still spending freely even in the face of higher inflation and volatile economic environment

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WASHINGTON — Sara Diaz was feeling emotional when she checked her email Tuesday. She was among the hundreds of Neiman Marcus employees laid off last month and had just finished a stressful phone call about her health insurance.

The luxe retailer gets almost half of its sales from only 2% of customers, and Neiman Marcus likes it that way.

Richard Cantrell Marcus, who as the last founding family member to run Dallas-based Neiman Marcus led the company at a time of a major expansion outside Texas, died Saturday at his home in Austin from complications associated with Alzheimer’s disease and Lewy body dementia.

Neiman Marcus is heading into the holiday season with a tailwind from its strongest annual results in several years. The Dallas-based luxury retailer reached a level of profitability it hasn’t seen in a long time.

DALLAS — Neiman Marcus has hired a new president from Williams Sonoma to accelerate the Dallas-based luxury retailer’s growth strategy and strengthen the customer experience.

Ken Griffin’s Citadel plans to open a Palm Beach office, taking over the former Neiman Marcus department store building on the Florida town’s main shopping street.

Neiman Marcus is adding a new travel benefit for its employees who are unable to access certain health care services where they live, including abortion.

The deal offers signs that the high-end retailer will stay put.

Farfetch Ltd (NYSE:FTCH) has entered into a partnership and investment agreement with the luxury retailer Neiman Marcus Group (NMG). NMG is the parent of brands including Neiman Marcus and Bergdorf Goodman. The partnership will initially focus on re-platforming the Bergdorf Goodman website and mobile application to expand its global capabilities and services. Farfetch will also make a…