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Must Read: Neiman Marcus Officially Abandons IPO, Boohoo Comes Closer To Acquiring Nasty Gal

Plus, why America's most-loved mall brands continue to struggle.
Photo: Joe Raedle/Getty Images

Photo: Joe Raedle/Getty Images

Neiman Marcus scraps plans to go public
The luxury retailer filed a registration statement in August 2015 indicating that it intended to pursue a public offering of its shares, but sales over the past year made it a less-than-appealing prospect. In a statement last Friday, the company announced that "it is not in [Neiman's] best interests to proceed with the IPO contemplated by the registration statement at this time." The owners of Neiman Marcus group are allegedly eager to sell it, perhaps to private equity investors. {WWD}

Boohoo took another step toward acquiring Nasty Gal's assets
British fast fashion retailer Boohoo entered an asset purchase agreement with recently bankrupt American e-commerce site Nasty Gal. The next step will be a bidding process, meaning that Nasty Gal could still go to another bidder if their offer surpasses Boohoo's proposed $20 million. {TechCrunch}

The problem with America's favorite mall brands
Declining sales and store closures for retailers like Hollister, The Limited, J.Crew and Gap have raised questions about whether or not classic American mall stores can survive the age of online shopping and fast fashion. With customers increasingly preferring to shop online and favoring retailers that emphasize supply chain flexibility and speed, the mall's classic brands are running out of time to adapt to the new retail landscape. {BoF}

Fashion brands are experimenting with Instagram Live
Tim Coppens will be live-streaming his latest collection from Pitti Uomo on Instagram Live and nowhere else — and it will not be recorded or appear anywhere else digitally after the livestream ends. "It's not like [it is] produced or anything, but I think that is also the beauty of it," the designer explained. Only time will tell how the new feature, which functions much like Periscope or Facebook Live, will continue to be explored by other brands in the future. {BoF}

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