Neiman Marcus will close its flagship location in downtown Dallas next month after more than 110 years of operation. The closure, set for March 31, follows the acquisition of the high-end department store by Saks Global, the parent company of Saks Fifth Avenue, for $2.65 billion last year. A spokesperson for Saks Global confirmed the closure, citing a notice to terminate occupancy from the landlord after years of negotiations.
The store’s closure marks the end of an era for Neiman Marcus in Dallas, where it has been a significant presence since 1907. The flagship store, located on Main Street, has been a staple of Dallas since it opened in 1914, replacing the original store on Elm Street that burned down in 1913. The building is listed on the National Register of Historic Places.
Despite the closure, Saks Global plans to invest $100 million in renovating the Neiman Marcus store at NorthPark Center , a shopping mall north of University Park…