Neiman Marcus

(NMGA)

confirmed Wednesday that it's looking for a buyer.

The luxury retailer said it hired Goldman Sachs to consider alternatives including a possible sale. The comment, made in a press release issued early Wednesday, came after

The New York Post

reported that the company had begun discussions aimed at a sale fetching as much as $5 billion.

Citing people familiar with the situation, the

Post

said Neiman Marcus "has approached several big retailers including Limited Brands," along with private equity firms including Apollo Advisors, Bain Capital, Thomas H. Lee Partners and Kohlberg Kravis Roberts.

Shares of Neiman Marcus, which have more than doubled over the last two years, closed Tuesday at $74.75.