Neiman Marcus stores appear to be losing their grip on Gucci bags and other luxe goods since the swanky retailer emerged from bankruptcy last fall, The Post has learned. Six months after shedding most of a punishing, $5 billion debt load through Chapter 11, the Dallas-based luxury chain is struggling to keep its stores stocked as it faces weakened ties with major fashion labels including Gucci, sources told The Post. The relationship with Gucci looks particularly strained, insiders say. The iconic Italian fashion label, which charges more than $300 for a pair of rubber slides, is no longer available on the Neiman Marcus Web site. Only seven of its 37 stores now carry Gucci products, according to the site. Before Neiman’s bankruptcy filing last spring, most of its stores had carried Gucci’s pricey wares, sources told The Post. And rival Saks Fifth Avenue continues to offer Gucci goods, including shoes and jewelry, both in stores and online. “That Saks has all that merchandise and Neiman’s doesn’t is an indication of [a] falling out,” said one top industry source, noting that the two chains typically mirror each other’s offerings. The apparent rift comes as Neiman Chief Executive Geoffroy van
IF YOU ARE an emblem of American harmony like Coca-Cola, you play your politics carefully, especially on issues as divisive as race and voting. The soft-drinks company did so brilliantly in 1964 when the elite of Atlanta—home to both Coca-Cola and Martin Luther King—threatened to snub the civil-rights leader on his return from winning the Nobel peace prize. Appalled at the potential embarrassment, Coca-Cola’s current and former executives worked quietly behind the scenes to persuade other industrialists to attend a dinner in King’s honour. They even sang “We Shall Overcome”.Coca-Cola has weighed in this year, too, before and after Brian Kemp, Georgia’s Republican governor, signed a new law on March 31st that critics said would supress black voters. The firm’s discreet efforts to soften aspects of the bill before its passage backfired twice over. First civil-rights groups accused it of pusillanimity. When its boss, James Quincey, subsequently joined other Atlanta natives such as Delta Air Lines in expressing disappointment at the outcome, Republicans branded Coke and the others “woke” hypocrites.On April 14th hundreds of firms, including giants like Amazon and Google, and prominent businesspeople, among them Warren Buffett, published a letter opposing “any discriminatory legislation” making it harder to vote.
New Yorkers may be wearing masks, but their eyes are wide open. With every empty storefront or closed restaurant, there’s the question of what will fill the space, because New York City always bounces back. In fact, it’s already happening, with a new generation of restaurants, lounges, stores and businesses popping up.“Business development in the city is the busiest it has been since last March,” said Dan Clark of the New York City Economic Development Corporation. Not only that but many of those who fled New York City when the pandemic hit are flocking back, according to cellphone data tracked by the city.What is even better is that the economic conditions for opening new businesses are far better than they were in previous downturns.“The big difference I have noticed between the great pandemic of 2020 to 2021 and the Great Recession of 2008 to 2010 is that now there is money available to open a business,” said Tom Scarda, CEO of the Franchise Academy. “In some cases, banks are throwing money at leading-edge entrepreneurs who are starting something new.”Scarda lost businesses as a result of 9/11 and the Great Recession but is doing well this time around. “There are obvious,