The company joins a growing list of firms in corporate America – from Wall Street banks and tech companies to online furniture retailer Wayfair (NYSE:W) Inc – that have reduced their workforce amid worries of an economic downturn.
The company also said its Chief Product & Technology Officer Bob Kupbens will depart, while said Ryan Ross, president, Neiman Marcus, will lead customer insights for the group.
Darcy Penick, the president of luxury department store Bergdorf Goodman, will assume group-level leadership of the NMG Product & Technology organization.
Neiman Marcus Group has more than 10,000 employees as per its website.
Last year, Farfetch (NYSE:FTCH) Ltd, an online retailer of luxury fashion products, had said it would make an investment of up to $200 million in Neiman, gaining a stronger foothold in the United States as part of a deal to develop the high-end department store’s online business.
Source: Economy - investing.com
