Overview

• The property was sold to developer Centennial, with the store slated to operate through January 2027.
• Saks Global said affected employees will be offered transfer opportunities or separation packages.
• The company stated there are no plans to close other Neiman Marcus stores at this time.
• Neiman Marcus’ downtown Dallas flagship will remain open through the holiday season as discussions continue with the City of Dallas on its future.
• A $100 million renovation of the Neiman Marcus location at NorthPark Center is underway, which the company describes as a more productive site in the market.