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TMA Global CEO Scott Y. Stuart, Esq., Quoted in Glossy

“Neiman Marcus is in the same situation at Hudson Yards,” said Scott Stuart, CEO of Turnaround Management Association. “They’re the marquee name in that mall, and they’re way over-expanded and struggling a lot. They might have to restructure soon, too; there’s been buzz about that for a while. Just like Barneys, they’re a marquee retail brand that has commoditized itself too much. They think, ‘[What we do] works on Fifth Avenue, so it can work anywhere,’ but that’s not always the case.”

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