The next few months, uncertain as they are, will be crucial for the group. On the one hand, experts say bankruptcy ultimately shields Neiman Marcus from its biggest headwind: debt. Despite turning a profit on more than $4 billion in annual sales, most cash went toward servicing debt rather than investing for the future, and when the coronavirus pandemic hit, these payments became untenable. Even with this obstacle, Neiman managed to shore up its digital capabilities such that online sales accounted for more than 30% of its annual revenue at the time of its filing.
Neiman Marcus
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