Neiman Marcus to Invest in $100M Multichannel Retailing Platform

Neiman Marcus Group is planning invest in a $100 million project intended to increase its outreach and drive sales across retail channels including brick-and-mortar stores, mobile and online, the company said last week. According to a filing with the Securities and Exchange Commission, the project will be a multiyear initiative to develop a merchandising platform across all brands and channels. The development of the platform is expected to begin during fiscal 2014 and targeted for implementation in fiscal 2016.