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January 28, 2021

Neiman Marcus to invest $85m to innovate supply chain

Omni–channel fashion retailer Neiman Marcus has revealed that it is planning to make an investment of $85m to improve talent, merchandising, technology, and supply chain.

Omni–channel fashion retailer Neiman Marcus has revealed that it is planning to make an investment of $85m to improve talent, merchandising, technology, and supply chain.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The luxury retailer will make investment on systems and fulfilment centres, which includes investment in its Pinnacle Park distribution centre in Dallas.

The retailer will leverage the new investment in implementing a new order management system, a new warehouse system.

Neiman Marcus, which emerged from voluntary Chapter 11 protection in September, will start the multi-year improvements immediately.

Neiman Marcus executive vice president and operations & chief supply chain officer Willis Weirich said: “We are transforming NMG’s core operating capability to support our growth as the luxury destination of choice for customers.

“As the demand for luxury products continues to grow, so does our supply chain network and infrastructure. These investments ensure that NMG can quickly deliver the luxury products our customers want.”

In line with the restructuring, Neiman Marcus hired two new executives.

Bob Kupbens, who previously served in Apple and eBay, has been appointed as the executive vice president, chief product and technology officer.

Kupbens will be responsible for developing new digital products and capabilities to enhance store and online experiences at both Neiman Marcus and Bergdorf Goodman.

Additionally, the retailer has hired Paolo Riva for the newly created position of general manager, brand partnerships and merchandising for the Neiman Marcus brand.

Neiman Marcus president and chief merchandising officer Lana Todorovich said: “With Paolo’s leadership, we will ensure Neiman Marcus further enhances the value we provide to brand partners through maximizing their access to our luxury customers, providing additional customer and assortment insights, and aligning on the renovation plans for six of our stores within the next 18 months.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.