Walls Are Crumbling at Neiman Marcus

Not literally, as far as I know. Things are bad for the luxury retailer. But not quite that bad.

The wall that has crumbled, according to the New York Post, is the wall between Neiman’s corporate and its Bergdorf Goodman division. Apparently Bergdorf has always had its own fashion office. In what would appear to be a sensible move when you’re trying to hold on to your effin’ ocelot-fur hat, they consolidated some of the roles. Those in the Bergdorf fashion office balked. The men’s fashion director quit.

Neiman President and CEO Karen Katz — who engineered the recent consolidation of Fazio and Patel’s roles — “maybe doesn’t totally get the fashion office,” according to one person close to the company.

The dust-up is another headache for Neiman Chairman Burt Tansky, who is beset by rumors that he will retire — even as the retailer scrambles to cut costs as sales continue to plunge.

One journalism-related complaint, which may seem strange to bother with since we’re talking about the New York Post here: “one person close to the company?”  That’s as specific as you can get?  Sounds like that quote could have come from a homeless guy standing outside the Neiman’s offices downtown.

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