Neiman Marcus could file for bankruptcy as early as this week, report says [USA TODAY]
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Source: USA TODAY
CLOSECONNECTTWEETLINKEDINEMAILMORENeiman Marcus' profitability has started to decline again.(Photo: Neiman Marcus)The bankruptcy could happen as soon as this week, people familiar with the situation toldReuters.In March, the Dallas-based retailer temporarily closed 43 Neiman Marcus stores, along with its Last Call and Bergdorf Goodman locations, due to concerns surrounding COVID-19.Neiman Marcus is carrying nearly $5 billion in debt, and the company's monthly debt payments are in the millions. The retailer refrained from making some payments last week, Reuters reports. Among the payments skipped was one that gave it a few days to avoid default.USA TODAY has reached out to Neiman Marcus for comment.The checks are flowing:Here's how Americans are spending coronavirus stimulus payoutsThe home button is back:Apple unveils updated $399 version of iPhone SE with Touch IDNeiman Marcus has approximately 14,000 employees; last month, the retailer announced furloughs and temporary pay cuts as a
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