Neiman Marcus downtown Dallas to remain open by 2025 vacation season

Saks International has introduced that it’ll hold operations on the Neiman Downtown Dallas retailer in the course of the 2025 vacation season, whereas working with town of Dallas in a brand new imaginative and prescient for the situation.

Initially, Saks International had deliberate to shut the flagship retailer on Monday after greater than a century within the middle of Dallas, after a discover of its lessor who finishes the lease. Nonetheless, an effort of town officers and enterprise leaders led to town of Dallas to accumulate the property, preserving the legacy of the positioning and opening the door to a attainable revitalization.

The town officers lately met with International Saks management to debate quite a lot of potential ideas for the reinvented retailer. These proposals embody a luxurious retail expertise, a cured artwork exhibition, a trend middle and multipurpose occasions, and an incubator for trend design and manufacturing.

“We deeply admire the eagerness of town and the unwavering dedication to the historic legacy of Neiman Marcus in Dallas. The potential reimagination of this iconic buying vacation spot reinforces the worldwide SAKS dedication to redefine the expertise of luxurious buy,” mentioned Marc Metrick, government director of Saks International.

“As we discover the alternatives for the middle retailer, along with the deliberate renewal within the Northpark retailer, we’ll consider the chance to make use of each places to fulfill the totally different prospects’ wants within the Dallas market.”

Since his institution in 1907, Neiman Marcus has been a cornerstone of Dallas, shaping his trend scene and contributing to town’s cultural and civic panorama. Saks International acquired Neiman Marcus Group for a complete enterprise worth of $ 2.7 billion, final yr.

“We’re excited that Saks International has determined to maintain Neiman Marcus open within the middle, since we discover the chance to unlock the potential to remodel into the middle into a global beacon and an financial engine for trend, in addition to the founders of Neiman Marcus, once they opened the shop greater than 100 years in the past,” added the director of town of Dallas Kimberly Bizor Tolbert.

“We hope to discover what’s on the horizon and we’re dedicated to proceed our conversations with the worldwide Saks crew.”