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Dallas, TX

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

Study says the real value of a $100K salary in Dallas is…less than that

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Study says the real value of a 0K 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.

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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.

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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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Dallas, TX

Public frustration grows as Dallas leaders debate billion‑dollar City Hall fix or relocation

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Public frustration grows as Dallas leaders debate billion‑dollar City Hall fix or relocation


Dallas City Council members spent the day hearing hours of public criticism as they weigh whether to spend roughly $1 billion to repair the aging, 50‑year‑old City Hall or pursue a plan to move out entirely. The meeting grew tense as residents voiced mistrust over the council’s motives, prompting members to suspend normal rules and allow anyone in the chamber to speak. Speakers questioned whether the push to relocate serves the public or private developers, while city staff prepared to present cost and feasibility details during what is expected to be a long evening session.



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Dallas, TX

Hip-hop hitmaker Cardi B coming to AAC in Dallas

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Hip-hop hitmaker Cardi B coming to AAC in Dallas


Cardi B, one of hip-hop’s most outsize personalities — and one of its most reliable hitmakers — is coming to Dallas.

The New York City-born rapper broke through in 2017 with the hit single “Bodak Yellow,” launching a chart-topping run that soon included “I Like It” and the blockbuster hit “WAP.” Her Grammy-winning debut album, Invasion of Privacy, cemented her as a defining voice in contemporary rap, blending brash humor, confessional storytelling and club-ready production.

The 33-year-old’s success helped boost the profile of women in a genre long dominated by men, encouraging record labels to sign more female rappers. She has frequently teamed up with rising female artists, including GloRilla, FendiDa Rappa and “WAP” collaborator Megan Thee Stallion.

Cardi’s stop at American Airlines Center is part of the arena run supporting her second studio album, 2025’s Am I the Drama? Recent shows in the “Little Miss Drama Tour” have leaned into spectacle, with elaborate staging, surprise guest appearances and a set list that spans her entire career.

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Fans can expect a high-energy performance built around booming trap beats, pop hooks and Cardi’s signature unfiltered banter — the same mix that has helped her sell out dates across the tour and turn concerts into party-like events.

DETAILS: March 7 at 7:30 p.m. at American Airlines Center in Dallas. Tickets start at $334.10, but some verified resale tickets are cheaper. ticketmaster.com.

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Pop legend Diana Ross performs March 7 at the WinStar World Casino in Thackerville, Oklahoma.

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OTHER CONCERTS

Bluesy psychedelic rock band All Them Witches performs March 7 at House of Blues Dallas.

Bluesy psychedelic rock band All Them Witches performs March 7 at House of Blues Dallas.

Travis Pinson

ALL THEM WITCHES March 7 at 8 p.m. at House of Blues Dallas. ticketmaster.com.

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DIANA ROSS March 7 at 8 p.m. at WinStar World Casino in Thackerville, Okla. winstar.com.

RICH BRIAN March 7 at 8 p.m. at The Bomb Factory in Deep Ellum. axs.com.

TRACE ADKINS March 7 at 10 p.m. at Billy Bob’s Texas in Fort Worth. billybobstexas.com.

AFROJACK March 8 at 3 p.m. at It’ll Do Club in Deep Ellum. eventbrite.com.

LITHE March 8 at 8 p.m. at House of Blues Dallas. ticketmaster.com.

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CONAN GRAY March 10 at 8 p.m. at Dickies Arena in Fort Worth. ticketmaster.com.

MATISYAHU March 10 at 8 p.m. at the Granada Theater in Dallas. prekindle.com.

OUR LADY PEACE, WITH THE VERVE PIPE March 12 at 8 p.m. at Tannahill’s Tavern and Music Hall in Fort Worth. ticketmaster.com.

PAUL WALL March 12 at 9 p.m. and March 13 at 10 p.m. at Billy Bob’s Texas in Fort Worth. billybobstexas.com.



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