OPERATIONS

Neiman Marcus launches new blog

BY Dan Berthiaume

Dallas – Neiman Marcus is introducing a redesigned blog entitled, the blog. This replaces the brand’s existing blog, NMdaily.

According to Neiman Marcus, the blog upgrade was in response to shifts in the social media landscape. Designed to showcase rich visual content, the blog offers options for full-screen viewing, enables commenting and allows content to be shared via social networks. Updates from Neiman Marcus Instagram, Pinterest, Twitter and Facebook pages will be featured, along with editors’ picks and reviews featuring e-commerce links.

In addition to editorial content, the blog features a press room where fashion editors and bloggers have access to the retailer’s latest press releases and photo assets for their own use.

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FINANCE

Law firm investigates claims against Genesco

BY Dan Berthiaume

Nashville, Tenn. – Harwood Feffer LLP is investigating potential claims against the board of directors of Genesco Inc., concerning whether the board has breached its fiduciary duties to shareholders. On August 29, 2013, Genesco disclosed that it may be forced to restate certain financial statements due to potential violations of generally accepted accounting principles.

The investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the company, and/or committed abuses of control in connection with the foregoing. Shareholders can contact Harwood Feffer for more information.

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FINANCE

Stein Mart statements investigated

BY Dan Berthiaume

Jacksonville, Fla. – Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Stein Mart Inc. The investigation focuses on whether Stein Mart and/or certain of its officers complied with the federal securities laws when making statements to investors.

On August 22, 2013 shares of Stein Mart fell 4.3% after the company reported in a regulatory filing that the SEC is conducting an investigation. The investigation is related to the company’s restatement of prior years’ financial statements and its change in its auditors.

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