LuXplosion 2010: Neiman Marcus Nominated For the Luxury Retailers Category

Neiman Marcus needs no introduction. The luxury specialty retailers operated by the Neiman Marcus Group in United States and have been around since the year 1907. It was founded by the famous trio Herbert Marcus,Carrie Marcus and , A. L. Neiman with an initial capital of $25,000. Other cmapnies in the Neiman Marcus group includes Bergdorf Goodman — Cusp that is a contemporary boutique format and the Direct Marketing division by the name Neiman Marcus Direct.

Neiman Marcus is known to offer an upscale assortment of wide variety of products including apparel, accessories, jewelry, beauty and decorative home products. It has as much as 40 stores across the Unites states with another Bergdorf Goodman stores. They also have 20 Last Call clearance centers and three Horchow Finale Furniture Outlets.

Neiman Marcus Group has been reported to own a majority stake in Kate Spade LLC, a manufacturer of handbags and accessories. It used also operate its own credit card division which was later on sold to HSBC. Their Christmas Catalog is their most prestigious marketing brochure which makes shoppers go berserk. If this wasn’t enough the store has even featured in an urban legend that involves a supposed recipe for its popular chocolate chip cookie. This is perhaps why we chose them in our list of 5 nominees for Luxury Retailers. Click here to vote for this nominee.

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