Dive Summary:
- Neiman Marcus announced this week that its exit from eBay's "Fashion Outlets" would be permanent due to sales not meeting expectations.
- The upscale retailer sold clothing, shoes and accessories on the site under its discount brand, Last Call By Neiman Marcus, and was among the first "Fashion Outlets" launched in the U.S. by eBay in 2011.
- The final orders were taken from customers on Jan. 7, 2013, and Vice President of Corporate Communications Ginger Reeder said the partnership ended on good terms.
From the article:
... In addition to its flagship stores, the retailer operates 33 Neiman Marcus Last Call stores that average approximately 28,000 square feet each in size, according to its annual shareholder report. The Last Call brick-and-mortar stores offer off-price goods purchased directly for resale as well as end-of-season clearance goods from the Neiman Marcus stores, Bergdorf Goodman stores and online operations. The Last Call stores, along with six stores operated under the CUSP name that targets younger customers, generate less than 10% of the retailer's total revenues. ...