Big debt remains despite sales gains by Neiman Marcus
September 18, 2018
Neiman Marcus Group ended its fiscal year with four straight quarters of sales gains. Even so, the company continues to operate under $5 billion in debt with a loan of $2.8 billion due in Oct. 2020. The retailer is seeking to restructure its debt.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.