The landmark Dallas Neiman Marcus flagship is closing its doors after more than a century on Sept. 30 \u2014 laying off 67 employees in the luxury retailer\u2019s home town.<\/p>\n
The layoffs were disclosed in a government filing by parent company Saks Global \u2013 which filed for bankruptcy protection in January.<\/a> <\/p>\n The positions being eliminated include sales associates, tailors and employees of the retailer\u2019s posh restaurant, Zodiac Room.\u00a0<\/p>\n The Dallas Neiman Marcus store will close on September 30 after more than a century-long run. Google Maps<\/p>\n The nine-story Renaissance Revival tower at 1618 Main St. \u2014 which first opened in 1914 and housed the company\u2019s headquarters until 2022 \u2014 employed more than 200 workers in better times, according to former employees.<\/p>\n The fact that it\u2019s whittled down to 67, said one veteran, is a \u201creflection of the lack of inventory, lack of [customer] traffic and the realization the store wasn\u2019t worthy of further investment.\u201d<\/p>\n Shortly after Saks Global acquired Neiman Marcus for $2.6 billion<\/a> in 2024, the company announced plans to close the Dallas store <\/a>\u2013 only to reverse its decision after local pols pressured the company <\/a>to keep it open.<\/p>\n Saks Global blamed the closure at the time on a bizarre situation involving a co-owner of the building who controlled the land under its escalator bank and who declined to renew its lease with the retailer.<\/p>\n The company\u2019s far more successful NorthPark Dallas location, which has been earmarked for a $100 million renovation, will be the only remaining Neiman Marcus in Dallas.<\/p>\n The Dallas store employed more than 200 people during better times. Michael Becerra \/ Facebook<\/p>\n Some store employees affected by the layoffs will be offered transfers to NorthPark, the company said.<\/p>\n The Dallas store \u201cis not profitable, and so I think that (the) customer has decided where she or he wants to access the Neiman Marcus brand,\u201d Geoffroy van Raemdonck, chief executive of Saks Global told The Dallas Morning News when he first announced the store closure on June 2.<\/p>\n The NorthPark store does more than 10 times the sales of the downtown site, according to the report.<\/p>\n Geoffroy van Raemdonck, chief executive of Saks Global, said the Dallas store is not profitable. Kristin Callahan \/ Shutterstock<\/p>\n Neiman Marcus\u2019 departure is a blow to struggling downtown Dallas, which is losing a slew of big corporations, including AT&T and the Dallas Stars hockey team which are both relocating to Plano. <\/p>\n The Dallas Mavericks are also leaving the American Airlines Center.<\/p>\n It\u2019s not clear what will happen to the downtown store building. Saks Global is among several owners of the real estate, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"The landmark Dallas Neiman Marcus flagship is closing its doors after more than a century on Sept. 30…\n","protected":false},"author":2,"featured_media":342518,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[4243,910,102,104,2582,103,6453,27808,122117],"class_list":["post-342517","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-bankruptcy","tag-business","tag-dallas","tag-dallas-headlines","tag-dallas-mavericks","tag-dallas-news","tag-layoffs","tag-neiman-marcus","tag-store-closings"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/342517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=342517"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/342517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/342518"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=342517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=342517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=342517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}