Welcome to the Fashion Blog

Are you interested in reading fashion news about haute couture, prĂȘt-Ă -porter and avant-garde clothing? We hope so because you will learn about these topics as well as find style reports about emerging designers, new lifestyle brands, cutting edge fabrics, and much more. Anything relevant to the fashion industry is open for discussion.

Enjoy the fashion blog to obtain your daily dose of inspiration. Keep your wardrobe as trendy as your mind.

Read more about fashion & style.

We hope that you love reading about fashion as much as we do.

Monday, June 27, 2016

Biggest Neiman Marcus Sale

No, we don’t mean that Neiman Marcus is having a big sale on “some” of their luxury fashion, shoes, or accessories.  We are actually talking about this fine retailer possibly selling “everything”.  Yes, the entire operation.  It is also possible that they may be seeking a financial investment of some sort instead of an outright sale.  Who knows, maybe they want sell at all.  Below can help you do your own research on the matter.

Neiman Marcus Looking for buyer or investor: (Dallas Biz Journal; June 20, 2016) “Last week, North Texas' fourth-largest private company by revenue reported third-quarter fiscal year 2016 sales of $1.17 billion, a 4.2 percent decrease compared to sales of $1.22 billion during the same period last year. Neiman has now logged three consecutive quarters of sales dips.”  The article also mentioned, “Neiman announced in October it was delaying its IPO, with reports that market struggles for other high-end retailers led the company to put off an offering. At the time, competitors like Tiffany & Co. and Nordstrom Inc. were down more than 12 percent over the previous three months.”

Neiman Marcus Looking for a Buyer (New York Post; June 17, 2016) “Embattled luxury retailer Neiman Marcus is casting around for a buyer, or investor, The Post has learned.  Struggling under a toxic combination of a staggering $5 billion debt load and flagging sales, Chief Executive Karen Katz traveled recently to China to meet with potential buyers, according to a source familiar with the situation.”

Why Neiman Marcus Struggles And Will Not Go Public (Forbes; June 17, 2016) There are growth vehicles: CUSP, Last Call Studios, and their Internet shopping sites could all be expanded. I estimate that Internet now generates close to 30% of total sales. It increased 5% in the quarter. The company has excellent direct mail communication with customers. That means that foot traffic in stores has slowed at the same time more basic merchandise is bought by loyal customers through the e-commerce sites.

Neiman Marcus Revenue Decline (The Wall Street Journal; June 14, 2016): “Neiman Marcus Group Ltd.’s profit fell 81% on lower sales in the latest quarter as the luxury department store operator joined a long list of retailers reporting weak results.”

The following is some information that was on the Neiman Marcus press release from June 14, 2016 titled Neiman Marcus Group Ltd. LLC Reports Third Quarter Sales Results.

“Neiman Marcus Group LTD LLC today reported financial results for its third fiscal quarter ended April 30, 2016. For the third quarter, the Company reported total revenues of $1.17 billion, representing a decrease of 4.2% compared to total revenues of $1.22 billion for the third quarter of fiscal year 2015. During this same period, comparable revenues decreased 5.0% and the Company reported net earnings of $3.8 million compared to net earnings of $19.8 million for the third quarter of fiscal year 2015. Adjusted EBITDA, which is described on page 7 of this release, for the third quarter of fiscal year 2016 was $173.2 million compared to $202.6 million in the prior year.

On a year-to-date basis, the Company reported total revenues of $3.82 billion, representing a decrease of 2.7% compared to total revenues of $3.93 billion in the prior year. During this same period, comparable revenues decreased 4.2% and the Company reported net earnings of $1.1 million compared to net earnings of $47.8 million in the prior year. Year-to-date Adjusted EBITDA was $520.4 million compared to $602.7 million in the prior year.”

Clearly revenue is down, but is this much worse than other fashion retailers?  Well, we also need to consider, “do the other retailers have the same sort of debt load?”

OK, above is the all fine and dandy, but let’s take a break from learning about the financial aspects of fashion retailing and do something way more fun.  Let’s all head over to Neiman Marcus to do some shopping.  That is way more exciting than reading.  Support the apparel industry by shopping for clothing at every chance you get.
Neiman Marcus 2016
Learn more about Neiman Marcus here on Apparel Search.

You can read more about Neiman Marcus here on the Fashion Blog.  It would be a good idea to also read our blog post about Neiman Marcus possible IPO that we posted in August 2015.

Research something new.

Time to find trendy shoes, classic tops, fabulous handbags, and more.

Style tips

Review trendy fashion styles. Find the best clothing, shoes, handbags and fashion accessories.

Popular Fashion Blog Posts

Upgrade Your Wardrobe

Ready to shop? Apparel Search has a few favorite suggestions. Visit our new shopping page to view a few of our favorite fashion shopping destinations such as upscale boutiques like Barney's, Bloomingdale's, Neiman Marcus, etc.
If you are interested in upgrading your wardrobe, you can visit the fashion shopping page.

Experience style.

Fashion blogs typically cover various aspects of clothing, footwear and personal style. Ours is exactly what one would expect from a leading international resource and more.

Designer brands: If you are researching the newest emerging indie designers or the most popular international designer brands, you will find articles and enlightening reviews on the subject. Fashionistas will find what appears to be an endless stream of designer options.

Shopping: You can find consumer tips on issues such as how clothes should fit, where to find sample sales, and other information to help consumers research apparel and where to make purchases. We also discuss clothes, fabric, and color trends that offer assistance to shoppers.

Beauty: We do write articles about cosmetics, fragrances, hairstyle trends, and a wide assortment of beauty tips. Models, stylists, fashionistas, and photographers, will surely find news articles of interest.

Essentially, we cover most of the topics you would find in an industry journal as well as other topics that you would discover in a typical fashion magazine.

Fashion is a multi-billion-dollar industry that has considerable impact on the way ordinary people dress and present themselves. Fashion is trend-driven and our fashion blog by Apparel Search provides a riveting way to follow and oversee these fast-paced trends. The blogoshepere has tons of style sites for your review. We thank you for taking the time to view ours.

If you have fashion news about your company, product, or service, that you wish to share with the world, let us know. You are also welcome to comment in the discussion area beneath each post and share with your friends on social media.

Looking for more resources? You are welcome to learn about other fashion blogs so that you can continue your research.

Who created this amazing blog?

Apparel Search Company - Visit our home page to learn more about the fashion industry at www.ApparelSearch.com

Our style blog incorporates topics such as clothing, footwear, jewelry, beauty products and fashion accessories. From luxury lifestyle choices stemming from Paris, Milan or Hong Kong to urban street trends from Chicago & the boroughs of New York, we have your style covered.
Take your time to browse the various areas of our blog, or head back over to the main area of our Apparel Search website to learn more about our industry.

Tips on Participation

The fashion blog is not only for reading. Nor is it about simply viewing pictures of super models, beautiful celebrities & trendy photographs of handbags & shoes. Consumers, fashionistas, and members of the apparel industry are welcome to participate at the bottom of each blog post.

Members of the garment industry, consumers, and fashionistas are welcome to comment at the bottom of our posts.

Yes, if you don't wish to participate, you are welcome to simply view our pages. Participation is not a requirement. Even you don't wish to share your thoughts that is perfectly understandable. It is our pleasure to present to you the fashion, beauty and style that intrigues Apparel Search. Hopefully our reporting will arouse your curiosity and interest as well. You can jump into the conversation if that is appealing to you.