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Neiman Marcus owner reaches last-minute deal to keep landmark Dallas store open

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Neiman Marcus owner reaches last-minute deal to keep landmark Dallas store open


The Neiman Marcus store in Dallas on Friday got a last-minute reprieve from having to close its doors for good in a deal aimed to buy the city more time to “reimagine” a new future for the retailer’s landmark building.

City officials and the retailer’s owner, Saks Global, announced on Friday that the department store will remain open until the end of the year — instead of closing on Monday.

The agreement caps off more than a month of testy public statements by both sides over a bizarre lease dispute concerning a sliver of the building — which houses the original store– under the down escalator of the nine-story building.

The century-old Neiman Marcus store is considered a retail icon in Dallas. LARRY W SMITH/EPA-EFE/Shutterstock

Barbs were exchanged for weeks and even press conferences were held outside the store by the Dallas Consortium, a group tasked with keeping the store open, which accused Saks Global of lying about its stated reason for closing the beloved department store and of unfairly taking a portrait of the store’s founder, Stanley Marcus, to NYC.

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Terms of the deal, including any tax incentives the city may have offered, were not announced. But the idea is to “reimagine” the store and put the space to other uses.

The talks come as city officials are looking to revive the downtown area, of which the historic retail icon is considered an anchor.

Store employees learned that their jobs were saved – at least temporarily – this morning at a store-wide meeting, The Post has learned.

Richard Baker, chairman of Saks Global, attended a crucial meeting in Dallas on March 24. Getty Images for HBC Foundation

The about-face comes after a group of Saks Global executives, including executive chairman, Richard Baker, met with Dallas officials in the city on March 24 to discuss a contentious lease that was the stated reason for the store closing.

The agreement buys Neiman Marcus and its popular Zodiac Room restaurant more time, but it’s unclear what will happen at the end of the year when the store is expected to close, according to a source with knowledge of the deal.

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Between now and then, city officials and Saks Global will discuss potential concepts for the space, including a “luxury retail experience, a curated art exhibition, and a fashion and event center,” according to the statement. The proposals also include “an incubator for fashion design and manufacturing in Downtown Dallas.”

Marc Metrick is the chief executive of Saks Global, which acquired Neiman Marcus in a $2.6 billion deal in December. Getty Images

“As we explore opportunities for the Downtown store, along with a planned renovation at the [nearby] NorthPark store, we will evaluate the opportunity to utilize both locations to serve different customer needs in the Dallas market,”  Marc Metrick, chief executive of Saks Global said in a statement. 

The building is owned by Saks Global and several other landlords who own smaller portions of the ground lease. One of those landlords, Slaughter Partners, owns a 2,500-square of land under the escalator.

That landlord had terminated Saks Global’s lease, sparking the store closure announcement in February.

Dallas officials held press conferences outside the store in an effort to pressure Saks Global to keep the store open. LARRY W SMITH/EPA-EFE/Shutterstock
The Dallas store is considered a linchpin to the city’s revitalization plan. LARRY W SMITH/EPA-EFE/Shutterstock

But Slaughter reportedly donated its portion of the building last month to the city of Dallas to keep the store open.

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At the time Saks Global, which acquired Neiman Marcus in a $2.65 billion deal in December contended that it had “not received any documentation regarding an agreement between Slaughter Partners and the City of Dallas, and how this new agreement would affect the property, its other owners  and the store’s ability to operate.”

“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,” Dallas City Manager Kimberly Bizor Tolbert said in a statement. “We look forward to exploring what‘s on the horizon and are committed to continuing our conversations with the Saks Global team.” 



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Dallas, TX

Former Texas Rangers, Dallas Stars owner Tom Hicks dies at 79

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Former Texas Rangers, Dallas Stars owner Tom Hicks dies at 79


Tom Hicks, the Texas businessman who owned two pro sports franchises in the Dallas area, as well as an English Premier League soccer team, died Saturday, Dec. 6, at the age of 79.

Hicks died peacefully in Dallas, surrounded by family, a spokesperson said in a press release on Sunday. 

As the owner of MLB’s Texas Rangers, Hicks signed shortstop Alex Rodriguez to what was then the largest contract in baseball history − a 10-year, $252 million deal at the 2000 Winter Meetings − one that wouldn’t be surpassed until Giancarlo Stanton’s 13-year, $325 million pact with the Miami Marlins 15 years later.

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Hicks owned the Rangers from 1998 to 2010 as they won three division titles and appeared in the 2010 World Series.

Three years earlier, Hicks purchased the Dallas Stars of the NHL, owning them from 1995 to 2011 and winning a Stanley Cup in 1999.

“Our franchise would not be in the position we are today without the ownership of Mr. Hicks,” the team said in a statement. “His legacy will be honored by our franchise for decades to come.”

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Hicks expanded his sports empire into the world of seccer in 2007, when he acquired a 50% stake in Liverpool of the EPL.

He also served on the University of Texas’s board of regents from 1994 to 1999.



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How to watch Stars-Penguins: Dallas looks to make it three wins in a row

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How to watch Stars-Penguins: Dallas looks to make it three wins in a row


With two wins in a row after their defeat in New York, the Dallas Stars have continued good early season form.

The Stars will look to keep their momentum when they will host the Pittsburgh Penguins at home on Sunday afternoon.

Here’s what to know for Stars-Penguins:

Dallas Stars vs. Pittsburgh Penguins

Sports Roundup

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When: Sunday, 5 p.m.

Where: American Airlines Center, Dallas

TV/Streaming: Victory+

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Radio: Sportsradio 96.7/1310 The Ticket

Bottom Line

The Pittsburgh Penguins visit the Dallas Stars after Evgeni Malkin’s two-goal game against the Tampa Bay Lightning in the Penguins’ 4-3 win.

Dallas has a 19-5-5 record overall and a 9-4-1 record on its home ice. The Stars have a +27 scoring differential, with 100 total goals scored and 73 allowed.

Pittsburgh has gone 8-3-3 on the road and 14-7-5 overall. The Penguins have a 3-3-2 record in one-goal games.

The matchup Sunday is the first meeting this season between the two clubs.

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Top performers

Wyatt Johnston has 16 goals and 17 assists for the Stars. Jason Robertson has nine goals and five assists over the last 10 games.

Malkin has nine goals and 20 assists for the Penguins. Sidney Crosby has scored seven goals and added two assists over the past 10 games.

Last 10 games

Stars: 7-1-2, averaging 3.8 goals, 6.5 assists, 4.2 penalties and 11.3 penalty minutes while giving up two goals per game.

Penguins: 5-3-2, averaging 2.8 goals, four assists, 3.5 penalties and 7.5 penalty minutes while giving up 2.9 goals per game.

    Stars place Tyler Seguin, Lian Bichsel on LTIR with lower body injuries
    How the Dallas Stars have overcome injuries and found unexpected defensive success

Find more Stars coverage from The Dallas Morning News here.



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How to get tickets to 2026 FIFA World Cup games in Houston

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How to get tickets to 2026 FIFA World Cup games in Houston


The 2026 FIFA World Cup teams playing at Dallas Stadium have been revealed. If you’re looking for tickets, here’s what you need to know.

How to get 2026 FIFA World Cup tickets

According to FIFA, nearly two million tickets have already been sold. However, the FIFA Marketplace is temporarily closed.

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What’s next:

The next phase of ticket sales for the FIFA World Cup 2026 – the Random Selection Draw – will begin on Dec. 11, with the entry period for fans open until Jan. 13. This marks the third phase of ticket sales for the 2026 tournament. The Visa Presale Draw and the Early Ticket Draw closed in November.

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What you can do:

To apply for the Random Selection Draw, you can visit FIFA’s ticket website starting Dec. 11, register for a FIFA ID, then be able to apply for tickets to specific matches.

In February, FIFA will randomly select applicants and let them know if they will get all or some of the tickets they applied for. 

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The final phase is in the spring, when “last-minute sales” will be available to the general public. It’s not clear how many tickets will be sold in this phase, or whether all matches will be available.

How much are World Cup tickets?

By the numbers:

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FIFA announced initial ticket prices of $60-$6,730, saying they would be dynamic, up from $25-$475 for the 1994 tournament in the United States. It has refused to release a complete list of prices, as it had for every other World Cup since at least 1990. The governing body also is selling parking passes for up to $175 for a single match, a semifinal in Arlington, Texas.

World Cup schedule: Games at Dallas Stadium

The first 2026 FIFA World Cup game to be hosted at Dallas Stadium will be played on June 14. 

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Dallas Stadium’s full match schedule is as follows:

  • Group Stage: Sunday, June 14: Netherlands vs Japan
  • Group Stage: Wednesday, June 17: England vs Croatia
  • Group Stage: Monday, June 22: Argentina vs Austria
  • Group Stage: Thursday, June 25: Japan vs Ukr / Swe / Pol / Alb
  • Group Stage: Saturday, June 27: Jordan vs Argentina

Matches that will be determined by performance:

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  • Round of 32: Tuesday, June 30.
  • Round of 32: Friday, July 3.
  • Round of 16: Monday, July 6.
  • Semi-final match: Tuesday, July 14.

Dig deeper:

Click here to learn more.

The Source: This report includes information from FIFA, The Associated Press and previous FOX TV Stations reporting.

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