Women’s Wear Daily
11 August 2015
“It’s an annuity type of growth company because they’ve had such steady and consistent performance over the years,” Arnold Aronson, retail strategist at Kurt Salmon, shares with Women’s Wear Daily when reflecting on Neiman Marcus’ pending initial public offering (IPO), after spending a decade in the hands of private equity investors. Despite its move to go public, this illustrates how Neiman Marcus remains a “blue chip” luxury store, Aronson says. “They have been at the forefront of technology and innovation in this channel of distribution. They’re on top of omnichannel. They’re doing the right things to propel the business,” Aronson concludes.