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Neiman Marcus purchase by Saks parent creates high anxiety in Dallas fashion world

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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.

​​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.

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.

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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.

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The deal will end more than 115 years of Neiman Marcus being run from Dallas, most of that time as a global luxury leader.

Stanley Marcus (seated) with Neiman Marcus employee Pansy Privitt Johnson (left) and an unidentified Neiman Marcus house model in the early 1950s. (See Caption / Digital File_EMAIL)

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.”

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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.

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“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 Christmas Book catalogs on display at the downtown store during the company's...
Neiman Marcus Christmas Book catalogs on display at the downtown store during the company’s annual unveiling event in 2016. (G.J. McCarthy / Staff Photographer)

“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?”

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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 Crystal Charity Ball Fashion Show and Luncheon at Neiman Marcus downtown Dallas in 2009.
The Crystal Charity Ball Fashion Show and Luncheon at Neiman Marcus downtown Dallas in 2009.(Mei-Chun Jau)

“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.”

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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.”

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An undated photograph of the Marcus family on Aunt Carrie's front porch on Swiss Avenue in...
An undated photograph of the Marcus family on Aunt Carrie’s front porch on Swiss Avenue in Dallas.
(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.”

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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.”

In 2004, Neiman Marcus executive Ken Downing (at the podium) reveals that designer Tom Ford...
In 2004, Neiman Marcus executive Ken Downing (at the podium) reveals that designer Tom Ford will host a book launch event at the downtown Dallas store. (COURTNEY PERRY / 74519)

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.”

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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.

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In 1997, pedestrians can't help but notice the
In 1997, pedestrians can’t help but notice the “Big Hair” display in the windows of the downtown Dallas Neiman Marcus store. The company was celebrating its 90th anniversary. (Beatriz Terrazas / 108245)

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.



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Cowboys updated 2026 NFL Draft order: Current 1st-round pick after Week 18

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Cowboys updated 2026 NFL Draft order: Current 1st-round pick after Week 18


The Dallas Cowboys wrapped up their 2025 season on Sunday and will now turn all of their attention to offseason work in the name of not finding themselves out of the playoffs this time next year. Obviously that is much easier said than done.

This upcoming offseason is one of the most important and critical in recent Cowboys history as they have multiple first-round draft picks for the first time since 2008. With the Cowboys now officially done for the season, we know where they will be picking come the 2026 NFL Draft.

Updated 2026 NFL Draft order

Here are the first 12 picks of the draft, through the Cowboys selection at number 12 overall, courtesy of Tankathon.

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If all of this sounds familiar it is because it is… the Cowboys held the 12th overall pick last year and used it to select Tyler Booker. They also used it in 2021 to select Micah Parsons, more on him in a moment, although they picked it up after trading back two spots. For what it’s worth the Detroit Lions held the pick in consecutive seasons beginning the year after and landed Jameson Williams and Jahmyr Gibbs, so hopefully that type of success is what the Cowboys find.

While we know where the Cowboys are picking, it is still unknown exactly where their other first-round pick will land. Dallas holds Green Bay’s selection in the 2026 NFL Draft and the Packers are currently set to visit the Chicago Bears in the Wild Card Round which means we are all rooting for Chicago to take care of business.

Updated rundown of Cowboys Draft Picks

Keep in mind that Dallas has also already dealt away 2026 draft capital as well.

The Cowboys are projected to receive a couple of compensatory picks as well, potentially in the fifth-round, but those are not fully known at this time.

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Can North Texas solve our housing price crisis?

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Can North Texas solve our housing price crisis?


It seems like a match made in urban planning heaven. Most metro areas have an abundance of underperforming retail property, such as half-vacant shopping centers, and a shortage of housing that average Texans can afford. Turn that retail into housing, and voila, two problems solved at once.

But no complicated problem has such an easy fix. The North Texas growth juggernaut means that burgeoning exurbs need additional retail space even as dilapidated strip centers plague core cities and older suburbs. Some homeowners may fear and fight plans for new, higher-density housing near them, even when it replaces obsolete shopping centers.

Yet reinvigorating or repurposing underused commercial property can improve a neighborhood’s quality of life while also adding value to a city’s property tax base. That new revenue is especially important because state lawmakers have been keen to limit homeowners’ property taxes. Responsible city leaders need to grow other parts of the tax base just to keep up with the increasing cost of providing public services and maintaining aging infrastructure.

What North Texas needs is a variety of tactics to address these related issues: streamlined rezoning, public incentives to redevelop infrastructure, increased public education about budget issues, and a greater tolerance for change. Fading retail centers can be revitalized in ways that preserve their original use or transform them into something totally different, such as housing. It just takes determination, money and imagination.

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Retail abundance

Dallas-Fort Worth has about 200 million square feet of retail space, and it’s about 95% to 97% occupied, said Steve Zimmerman, managing director of the brokerage group at The Retail Connection. Colliers, a real estate services and investment management firm, reported in August that retail rents here have been rising about 4% annually. Those statistics suggest that retail space isn’t severely overbuilt.

But not all retail centers are full of high-performing, high-value businesses. Aging strip centers tend to attract vape shops, nail salons, pay-day lenders, check-cashers, doughnut shops and vacancies; their capacious parking lots remain mostly empty. Those underutilized properties don’t enhance nearby neighborhoods or the tax base as much as busy, attractive retail centers would.

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Last year, the Texas Legislature created a new tool to help redevelop commercial properties. Known as Senate Bill 840, the law forces large cities in urban counties to allow multifamily and mixed-use residential development on commercial, office, warehouse or retail property without a zoning change.

SB 840 is meant to encourage developers to transform bleak, underperforming retail spaces into badly needed housing. For example, it might have prevented the fight over Pepper Square in Far North Dallas.

That shopping center languished while the developer and nearby residents sparred in a bitter and protracted rezoning dispute. It is a prime example of how local government processes and NIMBYism make it hard to redevelop in Dallas.

But implementing the new law has been more complicated than we’d hoped. For starters, some North Texas suburbs reworked their zoning code to try to sidestep the new rules.

Irving, for example, set an eight-story minimum height requirement for new multifamily or mixed-use residential development — much taller than what’s typical in the area. Frisco pulled a different trick. Senate Bill 840 exempts industrial areas, so Frisco changed its zoning code to permit heavy industry in commercial zones.

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Market conditions also may be slowing commercial-to-residential redevelopment. Our newsroom colleague, Nick Wooten, reported in November that there is a temporary over-supply of apartments in Dallas, fueled by a construction boom and a stream of remote workers in the post-COVID years.

(Unfortunately, that oversupply hasn’t made rent much cheaper. Even if a lease is relatively inexpensive, there are plenty of added costs, like electricity and Wi-Fi. Plus, building managers often nickel-and-dime residents with mandatory fees for trash collection, parking lot security gates, parcel lockers, pets and on and on.)

The temporary situation doesn’t erase the region’s long-term shortage of lower-cost homes. We need SB 840 to work because we need a larger, more diverse stock of housing, including multifamily and townhomes, across the entire region. With a more generous supply of all types of homes, both rental and owned, housing costs should eventually decline.

More options for faded retail

Senate Bill 840 is only one strategy for remaking forlorn retail properties into something more useful and valuable. Some creative owners, managers and public officials have found ways to maintain a property’s retail orientation while adding unique experiences and features.

Carrollton updated design standards and established a “Retail Rehabilitation Performance Grant Program” to encourage property owners to reinvest in underutilized retail centers. One notable success: Carrollton Town Center, where occupancy had dipped to 20% more than a decade ago, according to a story in PM Magazine. Now it is a bustling, walkable, Asian-focused retail and restaurant destination.

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Hillcrest Village in Far North Dallas is part of an entire block of aging retail along Arapaho Road. A public-private partnership transformed a parking lot into the “Hillcrest Village Green,” a 1.5-acre expanse of turf with a playground at one end. Restaurants with oversize patios overlook the city-owned greenspace.

Local developer Monte Anderson, a champion of “incremental redevelopment,” is remaking the Wheatland Plaza shopping center in Duncanville. He’s reworking interior spaces and reclaiming some of the parking lot for food trucks, new landscaping, and eventually, a dozen for-sale townhomes built with Dallas Area Habitat for Humanity.

Cities can speed retail redevelopment with small and large incentive programs. Retail properties typically don’t have the utility infrastructure needed for housing; grants and revolving, low-interest loan funds can help residential developers keep costs down so their end product is more affordable. Elected officials need to help constituents understand why most cities need denser, higher-value redevelopment to keep tax rates lower.

D-FW has matured into a metropolis with a vibrant, diversified economy. To accommodate population growth, cities can’t ignore languishing commercial property, or allow only one type of new housing, or permit property tax bases to stagnate. By tackling all three issues at once, they can lay the foundation for a more prosperous future.

We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here.

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If you have problems with the form, you can submit via email at letters@dallasnews.com



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‘No War With Venezuela’ protest held in downtown Dallas after U.S. seizes Maduro

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‘No War With Venezuela’ protest held in downtown Dallas after U.S. seizes Maduro


Nearly 200 people gathered Saturday evening for a “No War With Venezuela” protest in downtown Dallas, mere hours after U.S. President Donald Trump carried out the most assertive American action for regime change since the 2003 invasion of Iraq.

Following months of secret planning, Trump said Venezuelan President Nicolás Maduro and his wife, Cilia Flores, were captured early Saturday at their home on a military base.

During a news conference, Trump revealed his plans to exploit the leadership void to “fix” the country’s oil infrastructure and sell “large amounts” of oil to other countries.

Trump said the U.S. would run Venezuela until a transition of power takes place, though it remains unclear how the U.S. would assume control.

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In Dallas’ Main Street Garden Park, signs reading “U.S. hands off Venezuela” were met with honks by passing vehicles as participants chanted: “Venezuela isn’t yours, no more coups, no more wars. We know what we’re fighting for, not another endless war.”

“We are gathered here today because injustice has crossed another line,” Zeeshan Hafeez, a Democratic primary candidate for Texas’ Congressional District 33, said as he addressed the crowd. “This is not just about Venezuela. This is not just about Gaza.

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“This is about whether America will be ruled by law or force.”

Demonstrators gather at the corner of Commerce and Harwood Streets during a ‘No War with Venezuela’ protest at Main Street Garden in downtown Dallas, Saturday, Jan. 3, 2026.

Elías Valverde II / Staff Photographer

Rick Majumdar, a member of Freedom Road Socialist Organization Dallas, told The Dallas Morning News that the message of Saturday’s collective action was simple: “We don’t want the United States to go to another war for oil.”

“The people of the United States should stand in solidarity with the people of Venezuela, as well as stand against the oppression that is happening to immigrants in this country,” Majumdar said. “Stand in solidarity with both Venezuelans in the United States and those in Venezuela.”

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Community members chant during a

Maduro and his wife landed Saturday afternoon in New York to face prosecution for a Justice Department indictment accusing them of participating in a narco-terrorism conspiracy. The indictment painted the regime as a “corrupt, illegitimate government” fueled by a drug trafficking operation that flooded the U.S with cocaine.

Lawmakers from both political parties have previously raised both profound reservations and flat-out objections to U.S. attacks on boats suspected of drug smuggling near the Venezuelan coast.

Congress has not specifically authorized the use of military force for such operations in the region, and leaders said they were not notified of the plan to seize Maduro until it was already underway.

“I’m appalled that we broke a law and decided that we can invade a country and capture their leader,” said Cynthia Ball, of Amarillo, at the Dallas protest. “Normal citizens like ourselves can’t do a lot at a governmental level, but if we band together and stay informed, hopefully we can get our city to see what’s happening.”

Other officials, including Secretary of State Marco Rubio, supported the move, explaining the secretive nature was necessary to preserve the operation’s integrity. House Speaker Mike Johnson, a Republican, called it a “decisive and justified operation that will protect American lives”

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Venezuela’s vice president has demanded the U.S. free Maduro and called him the country’s rightful leader.

The Associated Press contributed to this report.



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