Neiman Marcus Could Be One of the First Retail Casualties of Coronavirus

The luxury retailer is weighing options, including bankruptcy

Neiman Marcus is weighing all of its options to ensure its “financial strength,” according to a statement by the luxury retailer, as it grapples with the cost of doing business during a pandemic.

The statement from the company was in response to whether it is considering a bankruptcy filing. The financially strapped department store chain is reportedly in discussions with lenders about filing for bankruptcy, according to Bloomberg News.

“Most businesses today are facing some degree of disruption from the unprecedented global economic environment resulting from the COVID-19 pandemic,” the company said.

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