Neiman Marcus (A) Analysis of Growth Strategies Executive Summary Neiman Marcus (NM)‚ which mainly serves the high-end retail market‚ is currently facing a tough future. Although it currently enjoys high profit margins and has made significant improvements in its existing brand performance‚ its growth has plateaued. NM believes that there is only limited potential for growth of its current full-line stores while maintaining its exclusivity. As a result‚ it is considering other growth opportunities
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Company Profile Neiman Marcus is a luxury department store retailer offering upscale assortments of apparel‚ accessories‚ jewelry‚ beauty‚ and decorative home products to the affluent consumer. As of January 28‚ 2012 the company operated 41 Neiman Marcus stores‚ 2 Bergdorf Goodman stores‚ and 30 Last Call clearance centers‚ as well as a direct-to-consumer business with catalog and internet operations under the Neiman Marcus‚ Horchow and Bergdorf Goodman brand names. Company Overview Internet
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Analysis of Current and Future Plans Neiman Marcus Background and Overview Neiman Marcus is a premier luxury retailer with distinctive merchandise and superior service. They opened in Dallas‚ Texas in 1908. Since 1908‚ Neiman Marcus has opened 40 additional stores. In 2010‚ the current count is 41 retail stores and 28 clearance centers called Last Call Neiman Marcus. As you can see from the chart‚ Neiman Marcus sells very diverse items. The largest category is women’s apparel‚ followed by
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Neiman Marcus: The epitome of luxury shopping. When you walk thru the doors of the department store‚ the aromas of the expensive perfumes and genuine leathers instantly greet one. The famous department store‚ originally Neiman-Marcus‚ originated in Dallas Texas‚ where their headquarters still operate. Starting with just one store in 1907‚ Neiman Marcus has now expanded to 42 stores nationwide. They started simply by stocking clothing for the high-class Texan woman‚ to now having expanded to a men’s
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Saks‚ Neiman Marcus‚ Nordstrom Introduction The retail industry is very large and full of many different strategic groups. There is a strategic group that focuses on the finer tastes in life and caters to a more upper-class market. Three dominant members of this group are Saks Incorporated‚ the Neiman Marcus Group‚ and Nordstrom. Through e-commerce strategies we will be able to see the similarities and differences in these firms core competencies and business strategies. Background Since 1998
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Marcus Garvey was born in St Ann’s Bay‚ Jamaica on 17 August 1887‚ the youngest of 11 children. He inherited a keen interest in books from his father‚ who’s a mason and made full use of the extensive family library. At the age of 14 he left school to begin an apprenticeship at his godfather’s printing business in St. Ann’s Bay‚ where he led a strike for higher wages. From 1910 to 1912‚ Garvey travelled in South and Central America and also visited London. He returned to Jamaica in 1914 and founded
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statement. Particularly‚ I will critique on the company’s results‚ compare it to past years‚ compare it to competitors‚ and make recommendations on how to improve its financial position. Neiman Marcus department stores offer luxurious and high-quality men’s and women’s apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3.5 billion. More importantly‚ their gross profit was $1.2 billion. Their
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African Americans of all time is Marcus Garvey. Marcus Garvey achieved accomplishments in not just one‚ but many areas. His accomplishments ranged from a worldwide Black political organization‚ The Untied Negro Improvement Association‚ to the first‚ and to this day the largest Black-owned multinational businesses‚ the Black Star Lines. Marcus was criticized by many of his fellow African American leaders because many of his projects failed. In despite of that‚ Marcus Garvey talent to attract followers
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Marcus Junius Brutus was the son of Marcus Junius Brutus the Elder and Servilia Caepionis. His father was killed by Pompey the Great in dubious circumstances after he had taken part in the rebellion of Lepidus; his mother was the half-sister of Cato the Younger‚ and later became Julius Caesar’s mistress.[2] Some sources refer to the possibility of Caesar being his real father‚[3] but this is unlikely since Caesar was 15 at the time of Brutus’ birth. Brutus’ uncle‚ Quintus Servilius Caepio‚ adopted
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Marcus Garvey Marcus Garvey was thought of a religious prophet‚ a leader‚ and other names. Garvey was born on August 17‚ 1887 in St. Ann’s Bay‚ Jamaica and died June 10‚ 1940. He attended elementary schools and the Church of England high school. At the age of fourteen he left school and was employed as a compositor in the printing house of P. A. Benjamin. In 1911 began work as editor for a daily newspaper titled La Nacionale. From 1912 to 1914 he attended Birkbeck College in London. Later in
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