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This week, significant staff reductions began in the Neiman Marcus and Bergdorf Goodman stores. However, the company did not reveal the number of jobs cut.
Following its reorganization, the company managed to get rid of $4 billion in debt, but the pandemic has left its mark and has greatly reduced the company’s workforce.
“We are planning to separate ourselves from our employees, both sales and non-sales employees,” the luxury retailer said in an email. “These are difficult decisions we have to make at this time, and we are very grateful to our dedicated associates“.
Before filing for bankruptcy in May, Neiman Marcus had more than 14,000 employees. That number has decreased by at least a few thousand as the group was forced to close 17 stores and cut jobs related to the store chain.
Some sites have already been closed, including Hudson Yards in New York, which had only been open since March 2019. Two stores in Florida and its outlet in Washington, D.C. have also closed.
Neiman Marcus has not reopened its store in Honolulu and notified the state of a “mass layoff” this week, saying there is no realistic prospect of seeing store revenues return to sustainable levels for the time being. It will take a few years before sales return to their pre-pandemic levels of nearly $5 billion a year.
Staff reductions are also affecting restaurant chains such as Zodiac, NM Café, Mariposa and Mermaid Bar. Since the beginning of containment, these establishments have remained closed, and some even offer take-out service.
“As we did with the reopening of our stores, we look forward to reopening our restaurants, slowly, safely and in stages,” said Amber Seikaly, vice president of corporate communications. “Over time, we will be able to re-engage many of our talented restaurant associates and add staff as the business needs change” .
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Featured photo: © Neiman Marcus / Facebook[/vc_column_text][/vc_column][/vc_row]
