Word: neiman
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Twelve American journalists have been chosen to spend a year at Harvard as Neiman scholars, the University announced yesterday...
...change in consumer psychology is shaking many merchants to their roots. Traditional department stores ranging from Saks Fifth Avenue to Neiman Marcus have suffered from poor business as customers flock to discounters and back- to-basics stores, notably the Limited, the Gap, Wal-Mart and K Mart. The 75-store Sharper Image chain, which made its reputation in the '80s with high- tech gadgets, has been blurring its image to include more low-cost, practical goods. Example: a $19.95 aluminum-can crusher for recyclers...
Marketing experts may wonder why Denver's Cherry Creek mall is so flush. Generating nearly $400 per sq. ft. in annual sales, it is one of the most profitable shopping centers in America. Could it be the free valet parking for the handicapped, or the swanky Neiman-Marcus store with its $100,000 furs? Guess again, folks! Local shoppers know: it's the mall's bathrooms...
...million, since he took over in 1978. Moving aggressively into the U.S. and the Far East, he has opened 80 new shops, bringing the total to 238. Thirty more are planned. "Dumas is one of the brightest retailers in the world," says Stanley Marcus, chairman emeritus of the Neiman-Marcus stores. Marcus owns 175 Hermes silk ties, hand-screened and hand-hemmed at $95 each. "It is a status symbol," he admits. "But it is also the finest quality tie made anywhere...
...executive officer and head designer of a five-year- old company that expects to rake in $115 million in revenues this year. Her sportswear line arrived in stores eight months ago in one of the most successful launches in fashion history. Says Joan Kaner, senior vice president of the Neiman Marcus chain: "Donna's name is magic right...