April 20, 2020

Neiman Marcus May Be Filing for Bankruptcy First Major Luxury Department Store To Do So

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Reports are circulating that Neiman Marcus will file for bankruptcy this week (and hey, could be true because 25% Off all Beauty at Neiman Marcus! WHOA!). If reports are true this is the first high-end, luxury department store to do so. According to reports this is due to the current pandemic but honestly, I don’t believe that. It hasn’t helped that’s for sure however, I think most luxury department stores have been suffering for a while and the current situation just tipped them over the mountain.

Barney’s New York went out of business as of February closing down stores and their online website. Will Neiman Marcus end up suffering the same fate? It’s possible by filing for bankruptcy it could help them remain in business. Stores, will of course, close down but at least popular locations will stay afloat.

The current situation is worst than 9/11 and overnight major retailers and small business are facing the sad reality they might not be able to make it through this catastrophic crisis. Hopefully Nordstrom doesn’t have the same issues but they have already postponed their Anniversary Sale so who knows?

Neiman Marcus has made no official word about their filing as of yet but according to news report that could change later this week. Right now, they are having a massive sale which did raise some red flags for me. We’ll see how it goes this week and I’ll report back when official word breaks.

P.S. It’s Monday my dear friends. A fresh start! I hope you’re keep productive and you’re all safe and well. Try to get out there and do something productive. Put down the phone and get off TikTok 🙂 Go for a walk (while remaining socially distant), get some exercise and fresh air! It’s a great way to start your week!


I receive a small commission if you shop through my link.

About the Muse

Isabella MuseIsabella is just an average everyday geeky girl who doesn’t blend her eyeshadow correctly, wears too much blush, and hopes she never finds her holy grail products because she likes the thrill of the chase so much. Her mission is to bring you super honest reviews on makeup, skincare, fragrance and all things beauty. She’s in no way an expert on the topic and she sure as hell isn’t a super model. But she’s passionate about makeup and is seeking like-minded individuals that like pina coladas, getting caught in the rain, and ones that enjoy spending hundreds of dollars at Sephora without feeling buyer’s remorse. If you’re that person feel free to reach out and leave a comment or follow me on Facebook, Instagram, Twitter, and Bloglovin‘.

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  • kjh

    WTF! First Barney’s, now Neiman’s? How the mighty have fallen and the landscape has changed.

  • Michelle

    Ouch! well maybe if the brick and mortar stores did close, they can still have an online presence, it’s the brick and mortars that are the major expense. Or at least scale back, I hate to see all the sales people out of work. I hope they can come up with something to save jobs!

  • Agona

    It’s only been a few weeks! They couldn’t survive with just online sales for a few weeks?

    • Isabella Muse

      I think NM already had issues to begin with. This just tipped them over.

      • Agona

        Welp, to be honest, I couldn’t afford most of what they carried unless it was on sale. But I enjoyed looking. Boo.

  • Eraser

    I just saw this. I fear that this is the end of the American department store as we know it, especially the few remaining downtown flagships in this country. You can say all you want about online shopping, but if the brick and mortar disappears, that will be a blow to retail in general. I do my share of online shopping but frankly, it’s a chore. If the retail scene in my area were what it once was, I would be shopping online a lot less.

    In the not too distant past, shopping was an experience, something fun and exciting, and that was because of department stores. When the last one closed here in Pittsburgh, downtown became just a shell. I can’t imagine NYC without them but I fear that’s the way things are going.

  • Stacey Damiano

    Thanks for keeping up with the blogs in this scary time! I look forward to seeing them gives me a sense of normal..please stay safe!!

    • Isabella Muse

      Aw my pleasure! You stay safe too! <3! I'm so glad to hear that <3!

  • Adrienne

    I am a little confused and wondering who the majority of shoppers are that shop online or shop online and exchange/return in store. I say this because for months stores and entire malls have been closing due to online sales. Now the retail stores and deemed non essential and people are forced to shop online. All I hear in this area is I wish I could go to the mall and go shopping. We’re people really shopping or was it just the experience of being in the mall and socializing?