Vendors are losing confidence in struggling Neiman Marcus

by MR Magazine Staff

Struggling luxury retailer Neiman Marcus is running into trouble with its vendors, who have lost confidence in the chain since the stores’ new computer merchandising system failed last summer, and has now left the store (as well as Bergdorf Goodman) unable to verify inventory. In turn, Neiman is putting pressure on its suppliers to determine when it should restock its stores and discount its merchandise. Read more at The New York Post.