Saks Global and the City of Dallas to Explore Reimagination of the Neiman Marcus Downtown Dallas Building

The luxury retailer will keep Downtown store open through holiday season as it evaluates alternate plans for the historic location to serve as a modern fashion, art and entertainment destination

DALLAS--(BUSINESS WIRE)--Today, Saks Global announced it will continue operations of the Neiman Marcus Downtown Dallas store through the 2025 Holiday season while it explores a reimagination of the location in collaboration with the City of Dallas. City officials met with Saks Global leadership to discuss the potential of a new, innovative format to serve its customers and the community while supporting the resurgence of Downtown Dallas.

Potential concepts for the reimagined space include a luxury retail experience, a curated art exhibition, and a fashion and event center. The proposals for the new space also include an incubator for fashion design and manufacturing in Downtown Dallas.

“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,” said Marc Metrick, Chief Executive Officer of Saks Global. “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.”

“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,” said Dallas City Manager 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.”

The Zodiac Room and the Bridal Salon will remain open during the exploratory period.

The Neiman Marcus brand has been an integral part of Dallas for over a century, serving as a cornerstone of the community and a symbol of style and innovation. Since 1907, Neiman Marcus has shaped the city’s fashion landscape while fostering deep connections through charitable giving, cultural contributions, and civic engagement. Saks Global remains deeply committed to Dallas, honoring its rich history while continually looking ahead to a vibrant future.

About Saks Global

Saks Global is a combination of world-class luxury retailers, including Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH, as well as a portfolio of prime U.S. real estate holdings and investments. Saks Global is deeply committed to helping luxury consumers discover the most sought-after established and emerging brands from around the world. Powered by data-driven technology and centered on the customer, Saks Global is on a mission to redefine the luxury shopping experience through highly personalized service, with greater opportunities for product discovery across all channels.

About Neiman Marcus

Neiman Marcus is a leading luxury retailer that provides a curated product assortment, unparalleled services, and exclusive activations for customers in Pursuit of the Extraordinary. It is known for creating the Neiman Marcus magic through exceptional customer experiences including the Neiman Marcus Awards, Fantasy Gifts, seasonal campaigns and retail-tainment initiatives. Neiman Marcus has a rich history as a brand builder, bringing together the world's top luxury designers and customers to foster a dedicated following for generations. It serves customers across its 36 stores, digital channels and through remote selling. It is part of Saks Global’s portfolio of world-class luxury retailers and real estate assets. For more information on the latest news and events at Neiman Marcus, visit neimanmarcus.com or follow the brand on Instagram and YouTube.