Explore More Neiman Marcus’ chief executive is facing an employee backlash after he said the luxury chain plans to focus more exclusively on its wealthiest clients — a “snobbish” pivot that some sales staffers fear will alienate shoppers.
In an interview with Fortune last week, CEO Geoffroy van Raemdonck noted that a tiny, 2% sliver of the company’s customer base accounts for a whopping 40% of its business. Accordingly, Neiman plans to work harder courting those well-heeled shoppers — and spend less time on the rest, he said. Read More...
In the wake of the profound loss marked by Billy Mahone’s obituary, communities across San Antonio are renewing their commitment to continue his legacy of advocacy for the houseless population.
Billy Mahone III, a man of indefatigable spirit and an unwavering champion for San Antonio’s houseless community, sadly passed away at 39.
His death is a significant loss to his family, friends, and the city that admired his selfless dedication. Read More...
NEW YORK (AP) — U.S. Sen. Bob Menendez of New Jersey pleaded not guilty on Wednesday to federal charges accusing him of pocketing bribes of cash and gold bars in exchange for wielding his political influence to secretly advance Egyptian interests and do favors for local businessmen.
Menendez made his initial court appearance in Manhattan’s federal court days after prosecutors unsealed an indictment alleging vast corruption by the Democrat, who was forced to step down as chairman of the powerful Senate Foreign Relations Committee after being indicted. Read More...
