Covid-19: Neiman Marcus Becomes First Department Store To File For Bankruptcy During Pandemic

The outbreak temporarily forced the closure of all 43 Neiman Marcus stores, as well as the company's Bergdorf Goodman stores and Last Call outlets, in late March.

On Thursday, May 7, the company said in a statement that it has entered into a restructuring agreement with creditors that will allow it to "substantially reduce debt and position the company for long-term growth."

No specific store closures have been announced.

Neiman Marcus, whose headquarters is in Dallas, opened its first store 112 years ago. It now has about 70 stores, including a massive new outlet in the new upscale Hudson Yards development in New York City.

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• COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy
• COVID-19: Nordstrom Permanently Closing 16 Stores

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