Neiman Marcus was founded in downtown Dallas in 1907 and has been a luxury fashion leader worldwide ever since. News that the company has been sold to a New York-based rival has loyalists worrying the brand will be tarnished and the city will lose important cultural cachet.
Dallas, TX
Neiman Marcus purchase by Saks parent creates high anxiety in Dallas fashion world
Neiman Marcus is the essence of Dallas’ fashion psyche.
Carrie Marcus Neiman, her husband Al Neiman, and her brother Herbert Marcus opened the first Neiman Marcus in downtown in 1907, and the business was an instant success — winning the hearts of Dallasites who wanted more than ordering goods from the Sears Roebuck catalog.
Stanley Marcus joined the family business 18 years later after graduating from Harvard University. He used lessons gleaned from his aunt Carrie to create a worldwide luxury retailing mecca that has survived three ownership changes in the past 20 years — including bankruptcy.
Now the proposed purchase of its parent company by the parent company of Saks Fifth Avenue for $2.65 billion has created high anxiety in Dallas’ fashionista world.
The deal will end more than 115 years of Neiman Marcus being run from Dallas, most of that time as a global luxury leader.
Saks parent HBC finally put out a press release Thursday detailing the proposed transaction, saying it will create Saks Global, “a combination of world-class luxury retail and real estate assets, including Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman, each of which will continue operations under their respective brands.”
Accent on “brands.”
That’s what concerns Neiman’s loyalists.
Just another brand?
Will Neiman Marcus become just another brand in HBC’s luxury lineup?
While the news release makes the case for why Neiman Marcus’ purchase makes economic sense, it also indicates a pecking order: “Saks Fifth Avenue is the leading name in luxury shopping.”
That’s certainly debatable, said Maria Halkias, The Dallas Morning News’ longtime retail reporter, who retired last month.
“Richard Baker, CEO of HBC, has lusted over Neiman Marcus for years,” said Halkias, who closely covered luxury retailing for 31 years.
The crux of the matter, she said, is whether HBC can put these fierce competitors under one corporate umbrella and keep their stores relevant at a time when luxury brands such as Louis Vuitton, Gucci and Hermès continue to take an exponentially larger share of the market with their own stores and e-commerce.
Most worrisome is consumers might see a deterioration of the personalized service that sets Neiman Marcus and Bergdorf Goodman apart from its new owner, she said.
“Neiman Marcus,” she said, “is the reason there have been no full-line Saks Fifth Avenue stores in Dallas-Fort Worth for years and why Barneys New York came and left twice. Neiman’s NorthPark Center store is consistently the No. 1 volume store in the chain. Bergdorf Goodman is a juggernaut in Manhattan.”
In an exclusive interview with The News on Friday, Marc Metrick concurred with that assessment. The Saks Global CEO is poised to lead Neiman Marcus once the deal closes.
“You’re sitting in Dallas right now, and how many Saks Fifth Avenues are in that market?” Metrick said. “It’s a testament to the culture at Neiman Marcus that we could not pierce that market. There’s so much loyalty, and there’s so many dedicated folks and they love their Neiman’s there. It’s very exciting to be able to go in and to really think about, how can you expand on that, how can you build on that?”
Forgive folks here if they’re wary.
Lynchpin of Dallas’ fashion identity
Neiman Marcus has been the lynchpin of Dallas’ fashion identity that spawned NorthPark and the wholesale Apparel Mart, said Tracy Hayes, former fashion editor of The News.
“Sitting for a Gittings portrait [the official portrait studio of the Neiman Marcus brand], being married in a wedding gown from the downtown NM bridal salon, having a multi-generational Christmas lunch in the Zodiac Room — those were the rites of passage and markers of Dallas’ membership in Dallas’ high society,” Hayes said.
The cachet of being the newspaper’s representative in the city where Neiman’s planted its flagship and homebase guaranteed Hayes a front-row seat when she covered European runway collections in the 1980s and 1990s.
“The store was also the launchpad for a host of other people who went on to make their marks with other ventures that burnished Dallas’ image — from the Horchow Collection’s Roger Horchow to Brian Bolke with Forty Five Ten and the Conservatory,” she said.
“It’s almost impossible to imagine Dallas without Neiman Marcus.”
Family’s international legacy
Allison V. Smith, Stanley Marcus’ granddaughter, said the family’s international legacy will live on no matter who owns the company.
“Stanley and his aunt Carrie Marcus Neiman originated the annual Neiman Marcus Award in 1938,” said Smith, referring to the global prize that honors breakthrough talent in fashion from across the globe. “Later, Stanley created Neiman Marcus Fortnights [lavish multi-event celebrations themed after a specific country], bringing world-wide attention to Dallas, thus changing Dallasites’ perception of themselves and the city we live in.
“Through major acts of creativity and a laser focus on quality, they gave us the lasting gift of excellence.”
Kate Sheldon, CEO of Fashioneering LLC, has been associated with Neiman Marcus throughout her 34-year career — as a couture designer, a Neiman Marcus buyer and, most recently, as a consultant for clients who either do business with Neiman’s or aspire to.
“As a Texan, Neiman Marcus has been my sparkly touchstone throughout my life,” she said. “The days of working to scour the globe like truffle hunters to create the most beautifully unique assortments and experiences are long gone.”

(Allison V. Smith)
‘End of an era’
The sale to Saks has deepened her angst.
“A lot of the specialness — Neiman Marcus’ special sauce — that remains is at risk,” she said. “We will all be armchair quarterbacking this situation for decades to come. I will be talking about this in the nursing home, I have no doubt.”
Sheldon said her colleagues knew in their guts the days of consolidation were probably in the wings. “But we really hoped we would be on the buying end,” she said. “No matter how you slice it, this is the end of an era.”
Lisa Dawson, president of Kim Dawson Agency Inc., says the modeling agency owes its existence to “Mr. Stanley,” as her mother Kim Dawson called him.
When her mother decided to return home to Texas after modeling in New York, the only modeling job in North Texas was at Neiman Marcus’ Zodiac Room.
“People were always complaining that they couldn’t get in touch with models,” Lisa Dawson recalled. “This was before cell phones, beepers or even answering machines.”
Her mom offered to organize the models and take a small percentage. Mr. Stanley thought that was a great idea. “Without Mr. Stanley’s help and encouragement, my mom might not have made that leap.”
Neiman Marcus was the agency’s first client, and 60 years later, it remains one of the agency’s largest.
Is this the end of an era?
She certainly hopes not.
Dawson worries about the possibility of Neiman’s being rolled into Saks. “If that happens, I assume that they would take a lot of the work that we do to New York. I don’t know that,” she said.
“Yeah, if we lost all that, it would be bad.”
She wonders what will happen to the Neiman Marcus Christmas Book and its fantasy items. “Even though very few people can afford to buy them, it’s always fun to see what they are,” she said.
“Neiman’s is not the store that it was when the family owned it, but it’s still a wonderful store and a great brand, so I would hate to see it go away. That would be really sad.”
Take a chill pill
Annette Becker, director and curator of the Texas Fashion Collection at the University of North Texas, says it’s time for people to take a chill pill.
“As the person who runs a fashion collection first started by Neiman Marcus in 1938, I see this as just one more step in its very long and rich history,” Becker said. “I’m honestly not worried about the brand. Because Neiman Marcus is such a storied institution, the name Neiman Marcus holds tremendous cultural capital and it will continue to hold its place in our society.”
Karen Katz, former CEO of Neiman Marcus Group, agrees and see this as another chapter in the iconic history of the retailer. “It has changed ownership at least half a dozen times since 1907, and it continues to live on,” said Katz, who stepped down from her post in January 2019.

Is it likely to become just another brand in HBC’s lineup?
“This is hard to predict,” she said, “but I believe Richard Baker understands the value of the Neiman Marcus and Bergdorf Goodman brands, how important the customers are to each of these brands, and the value of the NM and BG teams that serve the customer day in and day out.”
Here’s hoping he does.
Dallas, TX
We don’t know why Dallas elected Amber Givens for DA either
Among the many surprises in Tuesday’s primaries, one of the most shocking took place in the Democratic primary for Dallas County district attorney. Amber Givens, a former district court judge with a history of injudicious behavior on the bench, handily beat incumbent John Creuzot, whose leadership and experience in office earned the respect of a wide array of legal and community leaders.
We had expected that Democratic voters would want to retain a public servant who performed his job with diligence and integrity. Creuzot championed innovative, evidence-based programs to address the needs of suspects with mental illness and substance abuse problems.
Instead they elevated someone whose ability to do the job is an open question.
So what happened? We don’t know.
Were primary voters just uninformed about the vast difference in experience and qualifications? Were they most concerned with the races at the top of the ticket, while ignoring lower ballot races? Judicial and county races often get short shrift.
Maybe voters viewed Givens as the more progressive of the two candidates, and preferred her politics. Long ago, Creuzot did run for judge as a Republican.
But as a Democratic district attorney, he’s been a favorite target of Republican Attorney General Ken Paxton. Early in his first term, Creuzot announced his office wouldn’t prosecute low-level theft of basic necessities, partly to keep impoverished, nonviolent offenders out of jail. He later dropped the policy when he found it had little impact on the crime rate. Creuzot also joined several other big-city DAs and sued Paxton after his office tried to impose onerous reporting requirements on local jurisdictions. The DAs won.
Meanwhile, before her victory, Givens was in the news for all the wrong reasons.
In June, the State Commission on Judicial Conduct publicly admonished her for “failing to comply with and maintain professional competence in the law,” in regards to due process and for failing to treat a defendant with “patience, dignity and courtesy.” Givens was also publicly reprimanded for allegedly allowing a court staff member to substitute for her during a virtual bond hearing and for mistreating attorneys in her courtroom. She appealed the rulings and a three-judge panel in Austin re-tried the case late last month but has not yet issued its verdict.
Givens’ campaign website said the incumbent DA’s office denied evidence was missing for some felony cases. In fact, the Dallas Police Department had lost track of or deleted digital files that the DA’s office didn’t know existed. Even highly professional prosecutors and judges can be stymied by failures in other parts of the criminal justice system.
Her first news conference as DA-elect (there is no opposition in November) revealed few specifics about how she plans to run her new office. Givens emphasized that she was vastly outspent by Creuzot, which is true. She wants to establish community justice councils and set strict deadlines to decide whether to seek an indictment in cases of all types. Neither sounds realistic.
We have to hope for the best, but the record here convinces us Dallas County Democratic voters got this race as wrong as any we can recall.
We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here.
If you have problems with the form, you can submit via email at letters@dallasnews.com
Dallas, TX
Dallas City Council approves resolution to explore leaving Dallas City Hall
DALLAS – Dallas City Council members approved a measure to explore options for leaving Dallas City Hall while, but left the door open to staying in the iconic building.
Resolution to explore leaving City Hall passes
What we know:
The resolution approved will explore options to buy or lease a new City Hall building. It was amended to include a plan to pay for repairs to the current building that would be compared side by side to the options to leave.
Dallas City Council approved the resolution by a 9-6 vote. The vote came around 1 a.m. Thursday morning after 14 hours of debate.
Councilman Chad West told FOX 4’s Lori Brown that if the city decides to stay or leave City Hall, the resolution includes proposals to redevelop the land around the building.
“We still should be looking at redevelopment options to tie it into the convention center later on, because otherwise it just equals ghost town, which is what we have now,” West said. “And of course, if we decide to move and City Hall itself gets repurposed or demolished and something gets built there, we need to have a projected plan for what that could look like as well.”
Debate on City Hall’s future
Local perspective:
Around 100 residents spoke about their desire to keep the current Dallas City Hall, the historic structure designed by architect I.M. Pei.
“The thought of losing this land to private hands is disheartening. A paid-off asset, unfair to taxpayers, built on what is here,” Meredith Jones, a Dallas resident, said.
“The decision belongs to the people, not the city council,” David Boss, the former manager of Dallas City Hall, said.
Several questioned why the price tag for a repair is public knowledge, but the cost for a move isn’t.
“The public deserves to know the value of the land we are giving up. Dallas deserves a careful decision, not a rushed one,” resident Azael Alvarez said.
Future Mavs arena looms large
Dallas City Council went back and forth on the resolution, amending it before it finally passed. Much of the conversation revolved around the Dallas Mavericks’ potential interest in the site for a new arena.
Mayor Eric Johnson lamented that conversation revolved around the Mavs’ future and not City Hall itself.
“A conversation about a particular sports team and where you want them should never have been part of the conversation because that was not what was infront of us,” Johnson said. “I’ve never seen such vehement opposition to gathering more information.”
Councilwoman Cara Mendelsohn wore a Mavericks T-shirt to a recent hearing due to the continued conversation around them.
“We’re talking a lot about the Mavs. They’re the elephant in the room, but they’re actually not here, so let’s at least let them have a seat at the horseshoe,” Mendelsohn said on Monday.
Residents were also upset at the idea of City Hall being bulldozed to make way for a new Mavs arena.
“The Mavericks were ridiculed nationally, and still are. Worst trade in the history of the NBA,” one resident said Monday. “The decision to knock this building down without all the facts and allowing the people to make the decision is your Luka Dončić trade.”
A potential 10-digit repair cost
The backstory:
Experts who assessed Dallas City Hall said the 47-year-old building’s mechanical, plumbing, heating, air conditioning, and electrical systems don’t meet modern standards.
It put a $906 million to $1.4 billion price tag on keeping the iconic building, which was designed by the famous Chinese architect I.M. Pei, for another 20 years.
Downtown Dallas Inc., an advocacy group for Downtown Dallas, said last week they support leaving the current City Hall site.
“We believe Dallas City Hall is no longer serving its intended purpose. The important functions that happen and must continue to be evolved and innovated within our city government are inefficient and truly stymied in that space,” said Jennifer Scripps, President and CEO of Downtown Dallas Inc. told the crowd. “Our board called a special called meeting and voted unanimously in support of pursuing options to relocate City Hall and redevelop the site. We were we feel that the opportunity is huge.”
The Source: Information in this story came from FOX 4 reporting.
Dallas, TX
Study says the real value of a $100K salary in Dallas is…less than that
How much do you earn? And how far does that paycheck really go?
In Dallas, a $100,000 salary is a figure that’s more than double the area’s individual median income, but nevertheless a useful benchmark for the region’s burgeoning business community. However — once taxes and the local cost of living is factored in — it has the effective purchasing power of around $80,000 according to a new financial report.
Consumer-focused fintech site SmartAsset worked the numbers on the country’s 69 largest cities, determining the “estimated true value of $100,000 in annual income” in each location by measuring federal, state and local taxes as well as local cost of living data, including on housing, groceries and utilities.
It used its own proprietary figures, as well as information from the Council for Community and Economic Research.
Related
Despite recent research suggesting North Texas has lately been losing some of its famous economic advantage — a major factor behind the region’s explosive growth — Dallas actually fared relatively well in SmartAsset’s analysis. Of the 69 cities, Dallas’ effective purchasing power, of $80,103 on the $100,000 salary, tied with Nashville to rank 22nd highest.
Like many cities in the report, Dallas also actually saw a year-over-year effective salary bump, likely because of slightly lower effective tax rates and living costs that have hewed closer to the national average. In 2024, the value of a $100,000 salary in Dallas came out to $77,197.
Other large Texas cities fared even better than Dallas. El Paso, where SmartAsset calculated the effective value of the $100,000 salary at nearly $90,300, ranked third highest overall.
San Antonio, where the effective value was around $86,400, ranked eighth. Houston, where the figure was around $84,800, ranked 10th, and Austin, where the figure was $82,400, ranked 17th.
Oklahoma City topped SmartAsset’s value ranking, with an effective salary of around $91,900, and Manhattan, which the website considered as its own city, came in with the lowest value, at around $29,400.
Dallas’ relatively strong effective value score won’t necessarily translate to the good life: Another financial report, published in November by the website Upgraded Points, determined that even a single adult with no kids needs a pre-tax salary of at least $107,000 to live “comfortably” in the Metroplex.
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