Saks, Neiman Marcus and Downtown Dallas

Saks still plans to close downtown Neiman Marcus despite efforts to resolve lease issue
A local business group said it brokered a deal to keep the iconic downtown department store at its current site on Main Street, a week after Neiman Marcus' parent company announced that it would close the store after a dispute with a landlord.
Neiman Marcus flagship store could remain open in Downtown Dallas after lease deal reached; Saks says plans to close have not changed
Neiman Marcus' parent company Saks says despite a land deal worked out between the downtown Dallas building's owner and the city, their plans to close the iconic location have not changed. A Saks Global spokesperson told CBS News Texas that plans for the flagship store have not changed.
Saks Closes Neiman Marcus Headquarters And Tells Vendors Payments Will Be Late
Saks Global's challenges grow as it moves to cut costs and hold payments to vendors. Even more challenging, Saks trails in foot traffic to luxury department stores.
Neiman Marcus Dallas flagship will close despite city’s intervention
Owner Saks Global had blamed the closure on a lease dispute but says its plans remain even though civic leaders have brokered a solution.
Will the Neiman Marcus Flagship in Dallas Survive After All?
The City of Dallas has taken over the parcel of land, which local officials say paves the way for Neiman Marcus downtown to remain open.
A timeline of the Downtown Dallas Neiman Marcus ground lease issue that (almost?) shuttered the store
The land upon which the downtown Dallas Neiman Marcus store sits has multiple owners. The Consortium for the Downtown Dallas Neiman Marcus said in a letter that all the ground leases under the downtown Neiman Marcus building were affirmed during the company’s bankruptcy with the exception of the Slaughter lease.
Neiman Marcus Dallas flagship can stay open with new lifeline
The store has been a staple in Dallas for over a century, helping cement the Texas city as a global fashion destination.
Flagship Neiman Marcus downtown Dallas store to stay open, city to take over land
City and real estate officials say the owners of the land where Neiman Marcus' flagship store is located have Dallas ties and will donate the land to the city.
Is the Downtown Dallas Neiman Marcus saved? City officials announced a new deal
The group said all ground leases under the downtown Neiman Marcus building were affirmed during the company’s bankruptcy with the exception of the Slaughter lease. Their 99-year ground lease ended Jan. 31, 2025 and was extended through March 31, 2025, according to a letter from the group.
Downtown Dallas Neiman Marcus still expected to close despite land deal
Saks Global says they still plan to close the Downtown Dallas Neiman Marcus, despite the settling of a land dispute.
Downtown Neiman Marcus store could stay open after land deal reached
The city says this could clear the way for Neiman to stay open in downtown Dallas but a lot of big questions remain.
Is The Saks/Neiman’s Merger Already In Trouble?
I wrote that a Saks/Neiman Marcus merger seemed inevitable. I didn’t see this as an exciting development, but one largely ...
Retail Dive8h
Neiman Marcus deal triggers another round of layoffs at Saks Global
The company in July also downsized operations in anticipation of the $2.7 billion acquisition, which closed at the end of ...
Saks Global is cutting some roles amid the integration with Neiman Marcus
Saks Global announced at the end of last year that it had completed the acquisition of Neiman Marcus in a deal valued at ...
Yahoo Finance2d
Saks Global’s vendor trouble hints at financial vulnerability
Ahead of the $2.7 billion merger of Saks Fifth Avenue and Neiman Marcus late last year, some analysts warned that broken-down vendor relationships had already impeded inventory management and ...