Last week, iconic Dallas luxury retailer Neiman Marcus announced it would be closing most of its Last Call stores. Last Call is Neiman’s discount chain, which offers markdowns on items from big-name fashion houses. The brand will be shutting most of the 22 Last Call locations, as well as two Texas distribution centers – one in Irving and one in Longview.
Cathaleen Chen is a reporter for BusinessofFashion.com. She says Last Call stores were a place for Neiman Marcus to sell excess inventory from past fashion seasons. The company has been working to scale back that operation for 18 months, intending to focus on customers who shop at traditional Neiman Marcus locations.
“The customer will spend upwards of $50,000 a year with Neiman, versus a discount customer who may not have the spending power to buy much more than they were already planning to buy,” Chen says.
What you’ll hear in this segment:
– How luxury brands are faring in the current market
– What the Neiman Marcus brand means to its customers
Written by Shelly Brisbin.
