, Columnist
It's Judgment Day For Neiman Marcus
A sale to Hudson's Bay won't be enough to turn business around.
This article is for subscribers only.
The families behind Neiman Marcus used to joke the retail chain was founded in 1907 "on a bad business judgment," a nod to the decision to launch the luxury department store instead of investing in an upstart soda bottler that would later become Coca-Cola Inc.
It looks like poor business decisions still plague the struggling retailer, and this time they may lead to its demise.