Tag: Neiman Marcus

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“Hanger Protruding”: How Paramus Officers Busted a $12K Luxury Shoplifting Scheme

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The $12,000 Fur Fail: New York Man Arrested in Paramus Using “Booster Girdle” to Steal Luxury Jacket

the staff of the Ridgewood blog

Paramus NJ, Shoplifting at the Garden State Plaza reached a bizarre new level this week. A 55-year-old man from Astoria, New York, is facing multiple charges after allegedly attempting to smuggle a nearly $12,000 designer fur jacket out of Neiman Marcus using a specialized concealment device known as a “booster girdle.”

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COVID19 Driven Retail Apocalypse Coming to a Mall Near You

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the staff of the Ridgewood blog

Paramus NJ,  U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday.

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U.S. Retail Giant Neiman Marcus filing for Bankruptcy

Neiman Marcus

the staff of the Ridgewood blog

Paramus NJ, U.S. retail giant Neiman Marcus is filing for bankruptcy after having to close its stores over the coronavirus pandemic, according to Reuters. The Dallas-based company temporarily closed its 43 flagship Neiman Marcus stores, two dozen Last Call stores and its two Bergdorf Goodman stores in New York over nation-wide shelter-in-place regulations, rendering the company unable to pay its billions in debts. It has also furloughed most of its 14,000 employees. Reuters reports that the bankruptcy filing could come within days. The debt-laden retailer, which carries about $4.8 billion in loans, skipped millions of dollars in debt payments last week. Neiman Marcus is the first major retailer to reach this level, but Reuters reports that Macy’s and Nordstrom have also been working on new financing and that J.C. Penney is contemplating a bankruptcy filing. Neiman Marcus has a store in the Garden State Plaza in Paramus .