This Might Be First Major Department Store Casualty Because Of Coronavirus


With all of its stores closed, burdened by $4.8 billion in loans, Neiman Marcus is moving toward seeking bankruptcy protection. The filing could come this week,Reutersreports. It would be the first major department store company to reach that point since the pandemic hit the US, and Neiman Marcus has struggled to head off bankruptcy for years. Read more here>>>>>https://www.newser.com/story/289763/report-neiman-marcus-plans-to-file-for-bankruptcy.html

Source: Newser

Photo: Getty

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