NEW YORK (CBSNewYork) – Two of New York City’s high-end department stores are facing uncertain futures.

According to Reuters, Neiman Marcus will likely file for bankruptcy as soon as this week.

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The company’s Hudson Yards location was forced to close during the coronavirus pandemic, along with 42 other stores.

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Neiman Marcus is also the parent company of Bergdorf Goodman, with two stores on Fifth Avenue.

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Neiman is reportedly trying to negotiate a loan to keep some operations going during bankruptcy.

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