Analyst weighs in on Neiman Marcus Chapter 11 bankruptcy proceedings, shifting consumer spending

Neiman Marcus Group has started Chapter 11 bankruptcy proceedings, but whether the luxury retailer will be able to follow through on its plan to emerge in the fall is unknown.  Christina Boni, Moody’s Investors Service's senior credit officer, said that the Dallas-based luxury retailer is a formidable brand, but the company is still in a challenging retail environment given the disruption caused by the coronavirus pandemic. “It's difficult for any retailer —apparel retailer — at this juncture,”…