Neiman Marcus files for bankruptcy
I think even without Covid, its harder to tell what is luxury in apparel. There have been a couple articles on this.There used to be a clear difference between the look of clothes at different retailers but not as much anymore.Walk through Neiman Marcus, Nordstrom, Macy's, H&M, and they start to blend together.Doesnt mean no difference but maybe not enough to always charge a premium.