Neiman Marcus = Needless Markup?
Why is Neiman Marcus disparagingly nicknamed “Needless Markup”? I’ve always thought it was due to high prices of the upscale merchandise they carry. Well, while browsing tonight for online deals, I came across a huge price discrepancy between Neiman Marcus and several other online merchants. Other merchants listed the item pictured below with a regular price of $395-$398.95 while Neiman listed theirs at $725 with a sale price at 25% off or $580, which is almost 50% higher than the other merchants’ regular price. I found the same mind boggling markup on these Marc by Marc Jacobs Mary Jane boots. I haven’t had a chance to check for more examples so I can’t conclusively say that these aren’t flukes. What do you think?
December 26th, 2007 at 7:26 am
Thanks for the heads-up! I’ll be shopping at Sak’s!
December 27th, 2007 at 8:27 am
Omg wow that’s a huge mark up. I was there the other night [being in cali has to be good for something! haha] and even their sale prices were only like 15% cheaper than the original. So much for a good after christmas sale.
December 27th, 2007 at 9:00 am
Oooh, it’s a good think I never shop there. I’m sure it’s not a fluke, it’s probably their strategy. I know some grocery stores do the same thing.