Neiman Marcus Group on Tuesday said it plans to lay off less than 5% of its workforce, or about 500 people across the organization, as part of a “strategic realignment to accelerate high-value luxury customer growth.” A Neiman Marcus spokesperson confirmed that 100 of the job cuts will impact corporate employees, while the remainder will be spread across the company.
The retailer this week also made another round of changes to three members of its group-level leadership team. Chief Product and Technology Officer Bob Kupbens is leaving the company, and Bergdorf Goodman President Darcy Penick will assume group-level leadership of the Neiman Marcus Group product and technology organization. Neiman Marcus President Ryan Ross will lead customer insights for the group.
These leadership changes come a month after the company created two new executive roles – chief brand officer and chief retail officer. Neiman Marcus also named new supply chain and technology chiefs in January.Retail Dive