Neiman Marcus' situation is a reflection of the general slow-down in footfall at USA malls, which has hit retailers in those locations hard.
A spokesman for Hudson's Bay declined to comment on the report, but said: "As we have previously stated, we selectively evaluate opportunities to accelerate the company's strategic growth while maintaining or enhancing its credit profile".
The company swung to a loss of $117m in its fiscal second quarter, compared with net earnings of $7.9m in the same quarter a year earlier. It was sold to private equity firm Ares Management and Canada Pension Plan Investment Board for $6bn in 2013.
Comparable sales dropped 6.8% in the second quarter.
For the second quarter ended January 28, the company's revenue dropped 6.1 percent to $1.4 billion, while same-store sales declined 6.8 percent.
Switch back into the game It's so easy to bring with you to play on the road, you can take it anywhere, on planes, trains and automobiles. The hacker claims they only had to tweak their existing iOS exploit to get it running on the Switch.
Neiman Marcus is the latest retailer to face struggles, thanks to shifts in consumer buying habits and unpredictable weather. In January, the retailer abandoned plans for an initial public offering.
After the announcement, Neiman Marcus talked with Hudson's Bay Co., which is the owner of Saks Fifth Avenue, about a buyout of the upscale retailer.
Earlier this year another luxury retailer, Hudson Bay, the owner of Saks and Lord & Taylor in the United States and Galeria Kaufhof and Galeria Inno in Europe, made a bid for another old-line USA retailer, Macy's, a source told CNNMoney at that time.
"Our customers are increasingly deliberate and thoughtful when they shop", said Neiman Marcu CEO Karen Katz on Tuesday in a conference call to discuss the company's latest results.
The company, which is based in Dallas, operates 42 Neiman Marcus stores, and owns two Bergdorf Goodman luxury stores in NY and 27 off-price Last Call clearance centers, according to its website.
On the outskirts of Addis Ababa, Ethiopia, a landslide at a dumping ground has resulted in the death of at least 46 people. Dozens of people were killed on Saturday during a landslide at a garbage dump in the Ethiopian capital of Addis Ababa.
The Orange County Register is reporting that a man shot by police in a freaky and dramatic traffic stop gone wrong has died. Lopez described the man, whose identity has not yet been released, as a 35-year-old Orange resident.
Last summer, BMW announced it would work with Intel and Mobileye to bring self-driving cars to mass production by 2021. The move comes as Intel ramps up investment in the automotive industry to become a leader in self-driving technology.
Paul Pogba helped create the first of United's attacks after slipping in Rashford, who delivered the ball to Henrikh Mkhitaryan. And he suffered his biggest defeat in English football when Chelsea won 4-0 in the Premier League last October.
The college basketball season has reached the pointy end, and that means it's time for the big dance - the NCAA Tournament. Hicks was expected to have a breakout season like Brice Johnson did previous year , however that never came to fruition.
But, airlines are already waiving change fees, so passengers can get a jump start on revising their travel plans. For travelers headed to or leaving Chicago, flights can be rebooked between now and Wednesday.
The newest trailer teased its audience with Diana's backstory as it showed how she trained to be a warrior on her home island. Wonder Woman is a forced to be reckoned with and she's one of the most powerful superheroes in the DC Comics universe.
The New York area was under a blizzard warning with up to 24 inches of snow expected and wind gusts of up to 55 miles per hour. Nationwide, more than 1,200 flights have been cancelled due to the storm, according to FlightAware .com.
After the scooters emerged as one of the hottest gifts of the 2015 holiday, reports of hoverboard fires soon began to surface. Friday. "Denny was a leader in our department and the fire service as a whole", Enterline wrote in a news release on Saturday.
Joe Biden Picked His Favorite 'Biden Meme'
He also hopes to attract national business leaders, experts on substantive topics, and constitutional scholars. Biden graduated from UD in 1965 with a double major in history and political science.
OL Lang leaves Packers, joins Lions
Lang would be a big get for any of these three teams after grading out as PFF's No. 13 guard out of 77 qualifiers last season. Lang said during the process that where to raise his family would be part of his decision process.
Trump to Palestinian leader: It's time for peace
The Palestinian leader called for a "Palestine and Israel, living side by side on the pre-1967 borders in peace and security". Mahmoud Abbas has been invited to visit the White House by Donald Trump to discuss resuming peace talks.