Dallas, TX (CNS) – Fashion retailers and designers around the world are being affected by the downturn in the economy and that includes high-end retailer Neiman Marcus. The store has just announced that the company will be cutting around 400 jobs this year, with about 100 of those positions located in the Dallas, Texas area.
The Dallas-based company has been looking for ways to cut costs in an organizational review that began over six months ago to save money, but with the drop in sales and customer spending, the loss has “accelerated the urgency,” according to Ginger Reeder, the vice president of corporate communications.
She continued by saying, “We regret this more than any business decision that we have to take.”
The company told most of the employees that were to be laid off on Monday, with the rest of the staff finding out this week. The total of about 370-400 employees make up just shy of 3 percent of the company’s workforce.
The staff reduction will affect all areas of company, ranging from corporate executives to employees working in the stores. It will also include the Bergdorf Goodman location in New York and Neiman Marcus Direct, the company’s catalog and internet operation