A Fall must have. Passion for Fashion lets you take all the season's best trends for a spin and turn the runway into your reality," said Ken Downing, Senior Vice President Fashion Director for Neiman Marcus. The "What's Your Passion for Fashion? Challenge , Round 1" program will help generate buzz and awareness around Neiman Marcus' Fall Fashion collection, while introducing all the new styles available. 
Share:  A Fall must have. <span class="sent">Passion for Fashion lets you take all the season's best trends for a spin and turn the runway into your reality," said <span class="analyst">Ken Downing</span>, Senior Vice President Fashion Director for <span class="company">Neiman Marcus</span>.</span> The "What's Your Passion for Fashion? Challenge , Round 1" program will help generate buzz and awareness around <span class="company">Neiman Marcus</span>' Fall Fashion collection, while introducing all the new styles available. Tweet this   read full story

Value and luxury have become synonymous. At Neiman Marcus , "our customers' way of shopping has changed," says Karen Katz, CEO of Neiman Marcus Stores. "She is responding well to the opening and middle price points.". For example, many Manolo Blahnik designer shoes at Neiman Marcus typically sell for at least $500 — and some for upwards of $900 
Share:  Value and luxury have become synonymous. <span class="sent">At <span class="company">Neiman Marcus</span> , "our customers' way of shopping has changed," says <span class="analyst">Karen Katz</span>, CEO of <span class="company">Neiman Marcus</span> Stores.</span> "She is responding well to the opening and middle price points.". For example, many Manolo Blahnik designer shoes at <span class="company">Neiman Marcus</span> typically sell for at least $500 — and some for upwards of $900....But in the spring, <span class="company">Neiman Marcus</span> had great success selling a Manolo Blahnik ballet flat for $395. <span class="sent">"Our customer was very happy to have a Blahnik shoe for under $500," says <span class="analyst">Katz</span>. Bargain in the bag It's no accident that Coach, whose handbags used to start at about $250 — and whose average retail price for a handbag hit close to $350 before the recession — launched a new line last year, Poppy, which starts at $198.</span> Beyond that, Coach has added more bags at lower price points — and made them more function for women carrying devices from iPhones to iPads, says Michael Tucci, president of Coach's North American retail division. "The last thing I want you to get from this is that Coach got cheaper. Tweet this   read full story

While S&P lowered its estimate of what Barneys' creditors would recover in a prospective bankruptcy, Moody's upgraded its rating on Neiman Marcus' debt, citing "good liquidity, solid competitive position in the luxury market, and solid execution ability.". 
Share:  <span class="sent">While S&P lowered its estimate of what Barneys' creditors would recover in a prospective bankruptcy, Moody's upgraded its rating on Neiman Marcus' debt, citing "good liquidity, solid competitive position in the luxury market, and solid execution ability.".</span> Tweet this   read full story

Yet the recent improvement is from a very low base, especially at the grandest stores. Neiman Marcus's strong April marked a rebound from a 22.5 percent decline in the year to ; the 3.2 percent increase in revenues reported by Saks in the first quarter followed a 32 percent decline in the same period a year earlier, points out Steven Dennis, an analyst at Gerson Lehrman, a research firm. The typical customer "still has a lot of fear in her heart, and she is still being very cautious," said Michael Silverstein, a consultant and co author of "Women Want More," which argues that women control the lion's share of household spending. "She had over consumed before the recession. 
Share:  Yet the recent improvement is from a very low base, especially at the grandest stores. <span class="sent"><span class="company">Neiman Marcus</span>'s strong April marked a rebound from a 22.5 percent decline in the year to ; the 3.2 percent increase in revenues reported by Saks in the first quarter followed a 32 percent decline in the same period a year earlier, points out <span class="analyst">Steven Dennis</span>, an analyst at Gerson Lehrman, a research firm.</span> The typical customer "still has a lot of fear in her heart, and she is still being very cautious," said Michael Silverstein, a consultant and co author of "Women Want More," which argues that women control the lion's share of household spending. "She had over consumed before the recession. Tweet this   read full story