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Neiman Marcus to Furlough Employees and Extend Closures

  • Retailer will keep stores shut until at least April 30
  • CEO and direct reports will forego salary during furlough
Manhattan's Newest Flagship Department Stores Are Ignoring the Retail Apocalypse
Photographer: John Taggart/Bloomberg
Updated on

Neiman Marcus Group Inc., which closed all of its stores this month in response to the coronavirus pandemic, is extending the closures and will furlough a majority of its around 14,000 workers in the coming weeks.

The luxury retailer’s Neiman Marcus, Bergdorf Goodman and Last Call stores will stay shut at least until April 30, according to a statement sent to Bloomberg. A “large portion” of the organization “will either be put on furlough or take temporary salary reductions,” Chief Executive Officer Geoffroy van Raemdonck said.