Who owns neimans

Penney has also declared bankruptcy, while Nordstrom is insulating itself by closing 16 of its stores and its three Jeffrey boutiques. Can fashion lovers afford to lose Bergdorf Goodman? Can the city? And what a dame it is. Begun as a tailor shop in by Herman Bergdorf and transformed into Bergdorf Goodman with Edwin Goodman in , the store had bopped around locations in Lower Manhattan, settling in the Vanderbilt mansion on 57th and Fifth Avenue in Michael Kors agrees. Times Store.

Facebook Twitter Show more sharing options Share Close extra sharing options. By Associated Press. Luxury merchant Neiman Marcus is getting a new owner. Associated Press.

More From the Los Angeles Times. Business Stocks close higher, but indexes still end week in the red. This space of what's truly differentiated — integrated retail, luxury focused, unique experiences — is a place that we can really win.

In June, NMG announced it was acquiring Stylyze, a software company that uses machine learning to make outfit recommendations based on what customers have looked at or purchased.

Neiman Marcus has worked with the company since , and integrated it into NM Connect, the proprietary tool introduced two years ago that associates use to communicate with customers. Retailers are racing to introduce technology that scales and improves associate capabilities.

Already, Neiman Marcus uses Stylyze technology to generate product and outfit recommendations from its assortment. Styling and providing recommendations is core to the value that sales associates provide daily, he says. He hints that there could be more acquisitions like this going forward. Stylyze uses machine learning to understand products and then find similar or coordinating items. It helps associates scale their capabilities to make product and outfit recommendations.

This technology has the potential to be combined with proprietary customer data, such as location, shopping habits or preferred brands, to generate personalised experiences and offers. Even in store, an associate could use the software to fill a dressing room with client favourites, or make coordinating recommendations. Museum news. Southern Fried Politics. By Lindsey Wilson. Curtain call. The Other Art Fair. Two x Two at Arty party.

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