Report: Neiman Marcus Planning IPO

Neiman Marcus, currently owned by private equity, wants to launch an IPO, according to an Aug. 16 report in The Wall Street Journal.

“An IPO isn’t imminent,” the newspaper reported, “but Neiman is working to dress itself up as a company with potential to grow by beefing up its online sales efforts, venturing overseas, and wooing analysts at Wall Street banks.”

The article added that Neiman’s current owners didn’t imagine any other retailer or owner buying the chain.

“In accordance with company policy, we do not comment on rumors,” Neiman spokeswoman Ginger Reider tells JCK.

Jewelry was a strong spot in the company’s fourth quarter sales results, with overall comps rising 5.3 percent. Neiman has also made headlines with its holiday collection with Target.