A leading department store is removing the word ‘Christmas’ from its popular gift catalogue
Neiman Marcus Group CEO Geoffroy van Raemdonck reveals whether market volatility has affected the habits of his customers and how much shoppers spend annually in his stores.
The annual gift catalog known for its glamor has dropped the word “Christmas” from its name after nearly 100 years.
Neiman Marcus’ “Christmas Book,” published since 1926, began as a 16-page booklet. In the years since, it has become very popular among the wealthy and bucket list dreamers alike for the “Dream Gift.”
HEDGE FUND FOUNDER ARRESTED IN CASE AGAINST NEIMAN MARCUS
The switch from “Christmas Book” to “Holiday Book” in this year’s catalog has sparked controversy within the 117-year-old Dallas-based company, according to a report by the New York Post.
New CEO Geoffroy van Raemdonck is rumored to be unpopular within the company, according to sources, who initiated layoffs and internal restructuring.
Santa Claus attends the Neiman Marcus Fantasy Gifts event on October 16, 2019, in New York City. (by S. Savenok/Getty Images for Neiman Marcus / Getty Images)
“If Geoffroy and his team put as much time into running the business as they do pitching their ideas for DEI, we’ll either be buying Saks or launching an IPO,” one employee told the New York Post. Instead, my job is in jeopardy because of the failure of our business.
SAKS OWNER TO BUY NEIMAN MARCUS — WITH HELP FROM AMAZON
“Fantasy Gift” has been a staple of the catalog every year since its inception in 1959. These gifts are very attractive for their price tags and their rarity.
The 2024 “Fantasy Gifts” include a $1.9 million 18th-century carriage that once belonged to the Spanish royal family and a $777,777 Namibian tour.
Neiman Marcus’ Holiday Book 2024 has quietly dropped the word “Christmas” from this year’s catalog. (Neiman Marcus/Fox News)
The current catalog cover does not mention a new product; instead the new cover refers only to the book as “The Legend of Neiman.”
Neiman Marcus will be purchased by HBC, the parent company of Saks Fifth Avenue, in 2025.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
One employee told the New York Post, “We feel this was Geoffroy’s last hurray.”
Neiman Marcus did not respond to Fox Business’ request for comment.
Source link
