Saks International has introduced that it’ll preserve operations on the Neiman Marcus Downtown Dallas retailer by the 2025 vacation season, whereas working with the Metropolis of Dallas on a brand new imaginative and prescient for the placement.
Neiman Marcus downtown Dallas to remain open by 2025 vacation season. – Neiman Marcus
Initially, Saks International had deliberate to shut the flagship retailer on Monday after greater than a century in downtown Dallas, following a discover from its landlord terminating the lease. Nonetheless, an effort by metropolis officers and enterprise leaders led to the Metropolis of Dallas buying the property, preserving the location’s legacy and opening the door for a possible revitalization.
Metropolis officers lately convened with Saks International management to debate a spread of potential ideas for the reimagined retailer. These proposals embrace a luxurious retail expertise, a curated artwork exhibition, a multi-purpose style and occasion heart, and an incubator for style design and manufacturing.
“We deeply admire the city’s passion and unwavering dedication to Neiman Marcus’ storied legacy in Dallas. The potential reimagination of this iconic shopping destination reinforces Saks Global’s commitment to redefining the luxury shopping experience,” mentioned Marc Metrick, chief govt officer of Saks International.
“As we explore opportunities for the Downtown store, along with the planned renovation at the NorthPark store, we will evaluate the opportunity to utilize both locations to serve different customer needs in the Dallas market.”
Since its institution in 1907, Neiman Marcus has been a cornerstone of Dallas, shaping its style scene and contributing to the town’s cultural and civic panorama. Saks International acquired Neiman Marcus Group for a complete enterprise worth of $2.7 billion, final yr.
“We are excited that Saks Global has decided to keep Neiman Marcus open downtown, as we explore the opportunity to unlock the potential to transform downtown into an international beacon and economic engine for fashion – just as the Neiman Marcus founders intended when they opened the store more than 100 years ago,” added Dallas metropolis supervisor Kimberly Bizor Tolbert.
“We look forward to exploring what‘s on the horizon and are committed to continuing our conversations with the Saks Global team.”
