Flash ReportNeiman Marcus Files for Chapter 11 Bankruptcy, the First Department-Store Retailer To Do So Due to the Coronavirus Coresight Research May 8, 2020 Reasons to ReadNeiman Marcus began Chapter 11 bankruptcy proceedings on May 7, 2020, making it the first US department-store retailer to file for bankruptcy amid the ongoing coronavirus crisis. We outline the proceedings, including the following: The restructuring support agreement Emergence from Chapter 11 We discuss the company’s recent struggles in the luxury market and the impact of the coronavirus pandemic on Neiman Marcus. Read our Weekly US and UK Store Openings and Closures Tracker to see how other major retailers in the US and UK are currently faring the coronavirus crisis. Visit the Coronavirus Tracker page to view data on the development of the coronavirus pandemic and the impact on retail—including temporary store closures and reopenings in the US. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Agentic Commerce: What Retailers Need to Know for Holiday 2025 and to Succeed in 2026—Premium Subscriber Call, October 2025Shoptalk Fall 2025 Day Three: From Constraints to Catalysts—Technology Driving the Next Era of RetailStore Tracker Extra: US Store Openings and Closures 2024 Review and 2025 OutlookFour Technologies Retailers Can Use to Enchant Consumers: Insights Presented at CES 2025
