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Bankrupt Neiman Marcus Will Close Hudson Yards Store

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Amidst  the financial effect of cocid-19.Bankrupt Neiman Marcus Will Close Hudson Yards Store opened  16 months ago, Neiman Marcus . The  188,000 sq.-ft. store at Hudson Yards mall , on the West Side of Manhattan will close  its location as part of its Chapter 11 bankruptcy restructuring.

In court documents that detailed its lease plans on Thursday, Neiman Marcus said that, in addition to the New York City store, it would shut units in Bellevue, Wash.; Palm Beach, Fla., and Fort Lauderdale, Fla. It will also exit 17 Last Call outlet locations, according to the filing. More store closures could be on the way: Neiman Marcus is also marketing leases in Walnut Creek, Calif. and in the Mazza Gallerie mall in Washington, D.C.

 

“Our restructuring plan is focused on alleviating our debt load, not mass store closures. We are confident in the performance of our overall store footprint,” a Neiman Marcus Group spokesperson said shortly after the bankruptcy filing. “That said, we always assess our stores based on our footprint to ensure it is optimal to enhance revenues and overall profitability, as well as how each store can best support our omnichannel strategy.”

Tags : Neiman Marcus
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