Plans for Neiman Marcus after IPO Filing

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Neiman Marcus recently filed for an IPO, saying that all net income will be used to pay down debt and for operations and expansion. Speculation is that Neiman Marcus may be on the verge of building an omni-channel luxury retailer and expanding overseas, two things the company may have to do to survive. Neiman Marcus is also investing in technology, giving phones to employees to use as sales tools and investing in infrastructure.