{"id":11760,"date":"2024-02-11T10:25:21","date_gmt":"2024-02-11T10:25:21","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/neiman-marcus-ends-partnership-with-farfetch\/"},"modified":"2024-02-11T10:25:21","modified_gmt":"2024-02-11T10:25:21","slug":"neiman-marcus-ends-partnership-with-farfetch","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/neiman-marcus-ends-partnership-with-farfetch\/","title":{"rendered":"Neiman Marcus Ends Partnership With Farfetch"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/www.mytotalretail.com\/wp-content\/uploads\/sites\/14\/2020\/09\/GettyImages-1223493758.jpg\" \/><\/p>\n<div id=\"thumb-wrap\">\n<p class=\"default__StyledText-sc-1pd0m4y-0 eoEeOn body-paragraph\">Neiman Marcus Group on Wednesday announced it has abandoned plans to use Farfetch\u2019s e-commerce software to revamp the luxury department store\u2019s online storefront and app. The luxury department store chain will also not join Farfetch\u2019s marketplace.<\/p>\n<p class=\"default__StyledText-sc-1pd0m4y-0 eoEeOn body-paragraph\">Neiman Marcus Group first entered an agreement with Farfetch in 2022, when the luxury e-tailer invested $200 million in the department store chain. As part of that deal, Bergdorf Goodman was supposed to update its own e-commerce experience to use Farfetch\u2019s software, Farfetch Platform Solutions, which provides online shopping tools for companies like Harrods, Chanel, and Thom Browne.<\/p>\n<p class=\"default__StyledText-sc-1pd0m4y-0 eoEeOn body-paragraph\">Farfetch will remain a minority investor in Neiman Marcus Group, as the department store chain continues investing its original capital injection into building its own e-commerce technology, according to a person familiar with the matter.<\/p>\n<p><strong>Total Retail&#8217;s Take:<\/strong> This news comes a week after South Korean e-commerce giant Coupang completed its acquisition of Farfetch\u2019s assets, which seemingly led to a re-evaluation of the Neiman Marcus partnership. Regarding Neiman Marcus, it&#8217;s opting to keep its website and app in-house, preferring to control the experience of its luxury shoppers vs. cede control to the online marketplace Farfetch. The financial challenges of Farfetch likely weighed into this decision for Neiman Marcus Group.<\/p>\n<\/div>\n<p><script>(function(d, s, id) {\n    var js, fjs = d.getElementsByTagName(s)[0];\n    if (d.getElementById(id))\n     return;\n    js = d.createElement(s);\n    js.id = id;\n    js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&appId=374889035922579&version=v2.0\";\n    fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neiman Marcus Group on Wednesday announced it has abandoned plans to use Farfetch\u2019s e-commerce software to revamp the luxury department store\u2019s online storefront and app. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=11760"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/11761"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=11760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=11760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=11760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}