Neiman Marcus Exploring 'Strategic Alternatives'

Neiman Marcus, a high-end fashion retailer, stated on Tuesday that it was exploring strategic alternatives, including a possible sale of the company.

The statement comes after a Reuters report last month said the struggling retailer had hired Lazard (LAZ) - Get Free Report, an investment bank, to examine ways of bolstering its balance sheet. Neiman Marcus is seeking relief from a $4.9 billion debt load.