Beloved Department Store to Close After Over 100 Years
A prominent retailer is shutting down a long-standing location, leaving consumers shocked and disappointed. The store has been operational for over 100 years, making it a beloved institution in the community.
The Neiman Marcus in downtown Dallas, Texas, will shut its doors for good by March 31, according to NBC affiliate KXAS-TV. The store was a flagship location for the department store chain, with about 36 remaining nationwide.
A spokesperson for Saks Global, the company that acquired Neiman Marcus in 2024 for $2.7 billion, explained that the closure was "forced" due to a notice to terminate occupancy from the landlord.
"We received a notice from a landlord to terminate our occupancy, forcing us to close the Neiman Marcus Downtown Dallas location effective March 31, 2025," the spokesperson said. "This location has been a beloved institution in the community for more than a century, and we are disappointed to be losing a piece of Neiman Marcus history."
Staff at the store will either be offered a chance to relocate to another Neiman Marcus or receive severance packages. The company will also invest $100 million in renovations at the nearby Neiman Marcus in Dallas’ NorthPark Center.
Neiman Marcus has a long history in the city, dating back to 1907 when it was founded by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, Abraham Lincoln Neiman. The company has been a staple in the community, known for its high-end fashion and luxury goods.
Brenda Gomez, a local who runs a modeling agency, expressed her concerns about the closure, saying it will impact young people in the area who are interested in pursuing careers in fashion.
"A lot of young kids studying fashion in Texas and here in Dallas, particularly, this was a rite of passage," Gomez said. "This was your first internship. Your first step into high fashion was here in Dallas. It wasn’t in New York or Chicago. It was something that was here and unique to Texas."
Dallas Mayor Eric Johnson also weighed in on the closure, saying that the history of Neiman Marcus will remain strong in the city despite the shutdown.
"This location has been a beloved institution in the community for more than a century, and we are disappointed to be losing a piece of Neiman Marcus history," Johnson said. "The Dallas economy is extraordinarily strong, diverse, and innovative. While this is in some ways the end of an era, changes such as this can open up other exciting possibilities for downtown."
Conclusion
The closure of the Neiman Marcus store in downtown Dallas is a significant loss for the community, which has been a staple for over 100 years. While the company will continue to operate other locations, the closure will undoubtedly have a significant impact on the local economy and the many people who have worked there over the years.
FAQs
Q: Why is Neiman Marcus closing its downtown Dallas location?
A: The store is closing due to a notice to terminate occupancy from the landlord, forcing the company to shut its doors.
Q: How many Neiman Marcus locations remain open?
A: About 36 Neiman Marcus locations remain open nationwide.
Q: What will happen to the employees of the closing store?
A: Employees will either be offered a chance to relocate to another Neiman Marcus or receive severance packages.
Q: What is the plan for the nearby Neiman Marcus in Dallas’ NorthPark Center?
A: The company will invest $100 million in renovations at the nearby store.
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