Home Economy Neiman Marcus Last Call to close Woodbury store, lay off 40 employees

Neiman Marcus Last Call to close Woodbury store, lay off 40 employees

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The Neiman Marcus Last Call store at Woodbury Common Premium Outlets will close at the end of July, leaving 40 people out of a job, according to a notice filed with the state labor department.

woodbury common neiman marcus last call layoffsNieman Marcus Group filed a WARN notice with the New York Labor Department on April 16 stating that 40 employees would lose their jobs starting July 27. Companies are required to notify the state and their employees before a mass layoff or office closure, under the Worker Adjustment and Retraining Notice Act.

The retailer told state labor officials that economic factors drove the store’s closing.

Last Call is the discount brand of the Neiman Marcus Group, which includes the flagship luxury retail brand along with the Bergdorf Goodman, Horchow and mytheresa brand names.

Neiman Marcus announced last September that it would close 10 of its 38 Last Call outlet locations nationwide, though the Woodbury Common location was not included in that list at the time.

The first round closures came after seven straight quarters of sales declines, Fortune magazine noted, though the company said the move was to “optimize” its portfolio.

In January, Neiman Marcus brought on Geoffroy van Raemdonck, a former Ralph Lauren executive, as its CEO. In March, the company reported its second straight quarter of revenue growth. It’s fiscal year second quarter revenues of $1.48 billion were up 6 percent from its number second quarter of fiscal year 2017.

David Mistretta, general manager of Woodbury Common, said the store is closing at the end of its lease. He said the outlet mall, which is owned and operated by Simon Property Group LP, has already finalized a list of replacement tenants and will soon “provide specifics on each of the retailers that will be opening new stores in the location.”

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