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Neiman Marcus weighs $5.2M to stay in Dallas as it eyes remote work

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Neiman Marcus weighs .2M to stay in Dallas as it eyes remote work


Dallas officers have permitted $5.2 million in financial incentives to maintain Neiman Marcus from pulling up stakes in its hometown — however the luxurious chain isn’t but committing, saying it’s shifting to a remote-work technique that’s much less reliant on a company headquarters.

Neiman and its 114-year-old flagship retailer in historic downtown have lengthy been proud fixtures in Dallas — and metropolis officers need it to remain that method. Phrases of the incentives require that 35% of the corporate’s workers in Dallas stay within the metropolis. The bundle permitted Wednesday additionally requires Neiman to retain a minimal of 1,100 company workers in Dallas. 

However Neiman Marcus — which closed two of three workplace areas within the metropolis throughout its 2020 chapter — didn’t instantly commit, describing the provide as “an essential milestone” that may require additional dialogue.

Certainly, the swanky retailer currently has been leaning into a brand new company technique, accelerated by the pandemic, that permits its workplace employees to work remotely — and never simply from Dallas however from all around the nation.

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Dallas legislators are involved that Neiman Marcus is shrinking its footprint within the metropolis.
Jonathan Zizzo

We’re purposefully not calling Dallas the headquarters however we’ll all the time have nearly all of our workers in Dallas,” Neiman Marcus chief government, Geoffroy van Raemdonck instructed The Put up in an interview this week. “From an worker standpoint there’s not a company headquarters.”

As beforehand reported by The Put up, the corporate’s senior administration, as soon as concentrated in Dallas, is now unfold out throughout the nation now in Florida, California, New York, Missouri and North Carolina amongst different states. 

For the previous 5 months about 10 of the highest executives have been assembly as soon as a month at shops in several cities, together with New York, Miami and Scottsdale, Ariz., van Raemdonck stated. 

Geoffroy van Raemdonck
CEO Geoffroy van Raemdonck has been hiring senior executives who stay and work exterior Dallas.
Patrick McMullan by way of Getty Picture

At the moment, most of Neiman’s company workers are nonetheless based mostly in Dallas though there “has been a slight lower since 2019,” in keeping with an organization spokeswoman.

The corporate stated it’s shifting to so-called regional hubs the place workers can meet, however not essentially daily. It has been trying to find new workplaces in Dallas the place not less than half the house is comprised of convention rooms and lounges reasonably than particular person desks, the corporate instructed The Put up.

“As our course of strikes ahead, we stay dedicated to continued collaboration with the Metropolis of Dallas on a remaining settlement that allows Neiman Marcus Group to ship a contemporary workspace in step with our built-in working philosophy and contributes to sustained financial growth and job creation,” the corporate stated in an announcement.

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The beauty department at Neiman Marcus.
One situation of the $5.2 million bundle is that Neiman Marcus hold its Dallas retailer open by means of 2031.
Patrick McMullan by way of Getty Picture

As The Put up beforehand reported, business watchers and Neiman workers alike have speculated that Neiman Marcus may shut its low-traffic flagship, situated in a nine-story, Renaissance Revival constructing that the corporate owns. 

Dallas officers wished assurances that wouldn’t occur, so their financial bundle is contingent on Neiman Marcus not closing its downtown retailer not less than till 2031.

“We’re reaffirming our dedication to the flagship retailer,” Neiman Marcus chief government, Geoffroy Van Raemdonck instructed The Put up, disputing that the corporate has thought of closing it. 

Dallas officers need Neiman Marcus to maneuver right into a growth referred to as Cityplace Tower and have made {that a} situation of the financial bundle, amongst different strings. The town needs Neiman so as to add 300 new jobs in Dallas by 2026.



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Dallas, TX

Dallas police pension won big against the city, but there is still room for agreement

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Dallas police pension won big against the city, but there is still room for agreement


In August, when the Dallas Police and Fire Pension System filed a lawsuit against City Hall, we winced in concern.

The difference boiled down to which entity, the city or the pension board, had the authority to send a plan to the Texas Legislature to get the badly underfunded system back on track.

Well, the pension system won that fight in district court in Travis County. The plan it has crafted would offer substantially more funding to the pension system, with cost-of-living increases and a reduction in employee contributions in later years.

The city could drag this through an appeal, but as things stand, the pension system’s plan would become the required funding formula.

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Most readers know the pension system is underfunded by more than $3 billion. The difference here boils down to how much additional money the city will contribute per year to get us back on track. Under the pension system’s plan, it would be millions more per year.

But this is a wholly negotiable matter. Two sides have different figures in mind. The sides need to hash out those differences in a way that ensures the city is aligned with a 2017 state law that was passed for the express purpose of getting this pension funded.

There are serious people on both sides. What we need now is a leader at City Hall who has the standing to get this done. Normally, that would be the mayor, but our mayor hasn’t been doing the hard work at City Hall for a long time and we don’t expect him to start now. It could be the city manager, but that job is in the hands of an interim manager now.

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Mayor Pro Tem Tennell Atkins has been doing the heavy lifting for the city, but whether he can lead the city’s side in negotiations is unclear.

All we know is that there is an opportunity for a solution that gets this thing out of court and a solid plan to the Legislature that, yes, includes sacrifices but that also stops the drumbeat about this important public benefit.

Someone needs to get on the phone, book a conference room, order some takeout and work the spreadsheets. There is time, but the clock is ticking.

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



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Victor Cruz agrees that playing the Cowboys comes with a bit of extra motiviation

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Victor Cruz agrees that playing the Cowboys comes with a bit of extra motiviation


Something I have come to realize is that if you are a Dallas Cowboys fan around the age of 40 (a little room for flexibility at the top) or younger, you have only gotten the bad in this. Your friends, family, co-workers, etc. all tease you and mock you when your team loses and for the majority of your life, for all of your adult life, that has been the case.

You get the treatment that fans of the Los Angeles Lakers or New York Yankees get in terms of meme-ability but without any sort of hardware to make crawling through the mud worth it. Consider that each of those teams are dealing with droughts of their own, the youngest of which was born when Dallas’ was already 14 years old.

It is for this reason that when CeeDee Lamb said following Monday night’s loss that teams are looking to “embarrass” the Cowboys that I found it interesting. I’m not here to act like playing the Cowboys “is so and so’s Super Bowl”, but I do put some stock into the idea that opposing teams smell blood in the water so to speak and know that a domination against America’s Team lives a little bit louder than most. Consider all the fanfare that the New Orleans Saints picked up earlier this season as a recent example.

These are just my two cents though so I was curious how someone who has actually been in those shoes/cleats feels about the whole thing. Thankfully I had an opportunity to talk to former New York Giants wide receiver Victor Cruz earlier this week and asked him about the idea among other things.

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You can watch our conversation here:

Cruz’s Giants team won the Super Bowl 13 years ago when Dallas’ drought was already 16 years old (I’d imagine Jerry Jones bought them a brand new Mercedes for the occasion). They famously defeated the Cowboys in an NFC East title game in Week 17 at MetLife Stadium, the first of three in a row that Dallas would lose to each of their division rivals. I lived those three years like every one of you and still cannot believe that they actually happened in that exact way.

The Murphy’s Law of who the Cowboys are speaks for itself in that what can go wrong will and while Cruz didn’t exactly agree with that particular sentiment, he did note that playing the Cowboys comes with a little bit of extra motivation. He added that playing for the Giants brings with it a big stage in and of itself, an objectively true statement, and said the right things about how you want to embarrass anybody you play because it’s the NFL.

Whatever the case you can add Cruz to people who at least partially share the sentiment that CeeDee Lamb offered on Monday night. The whole thing is depressing and it is hard to know when it will end.

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Cruz and I discussed a variety of things, including his recent partnership with Captain Morgan and a particularly sweet new crewneck.

Starting November 22, limited quantities of the Captain Morgan Crewneck will drop on KidSuper.com. Miss the drop? You’re in luck – Captain Morgan is unlocking access for fans 21+ to score the coolest merch of the season. Head over to FollowTheCaptain.com, and while you’re there, dive into a world of hidden clues and surprises, because you never know what Captain Morgan has in store as we gear up for Super Bowl LIX.

Our thanks to Victor Cruz and Captain Morgan for the time.



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Stephen Jones doubles down on Dallas Cowboys failed trade

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Stephen Jones doubles down on Dallas Cowboys failed trade


When Brock Purdy took over as the starting quarterback for the San Francisco 49ers, Trey Lance was left without a spot. That led to a trade with the Dallas Cowboys, who sent a fourth-round pick to the 49ers for the former North Dakota State quarterback.

Adding Lance wasn’t a bad idea on the surface, since he was the No. 3 overall pick in 2021. The problem was that Dallas gave up a fourth-round pick when it appeared there were no serious contenders for Lance.

The trade doesn’t look any better given the fact that Lance is sitting on the bench while Cooper Rush starts in place of an injured Dak Prescott.

MORE: Cowboys’ Mike McCarthy comments on Giants’ release of QB Daniel Jones

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Despite this, Stephen Jones believes the team made the right move. While speaking on 105.3 The Fan, he even said they would do the trade again.

Ironically enough, the Cowboys said repeatedly that adding Lance had nothing to do with Dak Prescott. Now, Jones is admitting that was a factor in their decision.

Dallas also never truly gave Lance an opportunity. He was the inactive third quarterback all season in 2023, with Rush playing in garbage time games. Not only did they get no look at him during his first season with the franchise, but he’s now only played in spot duty.

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Dallas Cowboys quarterback Trey Lance

Dallas Cowboys quarterback Trey Lance / Tim Heitman-Imagn Images

Lance has completed 4-of-6 attempts for 21 yards with one interception. He’s also picked up 17 yards on three attempts.

Such a low usage proves the coaching staff doesn’t believe Lance has the ability to be a starter. Even so, Jones would do the trade all over again.

— Enjoy free coverage of the Cowboys from Dallas Cowboys on SI 

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