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“Its brand is not driven just simply by its name itself. Maria Halkias, Staff writer. Neiman Marcus’ extravagance has long made the company a cultural touchstone, a quick stand-in for wealth and conspicuous consumption. Neiman Marcus received court approval of its reorganization plan, but how quickly the retailer will ultimately recover is up in the air.. All rights reserved. “At this time, the intelligence community does not have any credible or imminent threats to this region and that includes downtown Dallas,” said Garrett. We are no longer accepting comments on this article. “People are very high-strung right now, have opinions that could be volatile if things don’t go their way so we just want to make sure we’re ok,” said Groves. The store’s fame and notoriety didn’t come only because it sold expensive stuff. “Out of an abundance of caution,” said co-owner Joe Groves. Thomas mentioned numbers from last year that showed over 80% of retail shopping was still happening in-store. Published: 14:43 EST, 28 September 2020 | Updated: 15:03 EST, 28 September 2020. All rights reserved. As one former Neiman Marcus executive put it, the epidemic has contributed to the company’s struggles, but is not the cause. “These different platforms, whether it’s the brick and mortar platform, whether it’s the online platform, or back in the day it was the catalogue platform, they actually operate synergistically, as opposed to in isolation,” Thomas said. The department said it has ‘plans to have adequate staff leading up to Election Day and the days following November 3.’, A plan has been made in conjunction with local, state and federal partners to ensure people are safe at the polls and if people choose to ‘exercise their First Amendment Right to peaceful assembly.’. “They would all note Dallas is a magnet for fashion and a place that’s important to their business,” she said. ', 'There’s no way people can do this,' an employee told the publication. Neiman Marcus is shutting down its Last Call off-price chain, putting two of its Texas distribution centers up for sale, combining store and online staffs and eliminating and redefining some store jobs. CEO Geoffroy van Raemdonck (pictured): 'We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner, and employer'. Looking for more retail coverage? So are the experts, After 27 million driver’s license records are stolen, Texans get angry with the seller: Government, 7 things to know about how Texas intends to parcel out its limited supply of coronavirus vaccine, Texas reports more 12,423 new coronavirus cases, 206 deaths, What you need to know about coronavirus, plus a map of every case in Texas, Tornado that tore through Arlington left dozens of families homeless, For some Dallas-area charities, COVID interrupts Thanksgiving tradition of feeding the hungry, How a hands-on, student-led schooling model translated into the virtual learning environment, Immigrants are sending more than ever back to families in Mexico as COVID-19 cases rise, Garland trade school owner charged with bilking VA out of $70 million, Neiman Marcus confirms staff cuts in Dallas, stopped publicly releasing its quarterly results last year, Look inside three small local retailers and see why they opened new stores in Dallas and Frisco in 2020, New McKinney community will offer home-style rentals, DFW clings to the country’s busiest airport title in September, but the world is catching up, Two new apartment projects on the way near Dallas’ Love Field, The top places to see Christmas lights and other holiday displays in Dallas-Fort Worth, Aldon Smith went past rock bottom. Maria Halkias has covered the retail scene for The Dallas Morning News since 1993. “Neiman Marcus was founded on the principle of building long-lasting and meaningful relationships with our customers. Neiman Marcus emerged from bankruptcy in September. Customers can pay for any purchase over $50 on a schedule with terms from six weeks to 36 months depending on the cart size for zero interest. Moody’s and Standard and Poor’s recently downgraded the company’s credit rating. “This is all very deliberate and pre-coronavirus,” he said. Ideas like the yearly fortnight celebration and the over-the-top Christmas catalogue added a certain whimsy, Alexander said. even decent sales can mean little when you have so much debt, over 80% of retail shopping was still happening in-store, has been interested in buying Neiman Marcus, Hear World Cafe Interviews With 11 Of This Year's Grammy Nominees, Trump Takes Questions From Reporters For 1st Time Since Election Day, Play It Forward: Thanksgiving Edition, Pt.1, Report: Neiman Marcus Preparing To Declare Bankruptcy, Excess In Texas: Lone Star Businesses Get A $19 Billion Leg Up, A Shopaholic’s Guide To Neiman Marcus: 17 Fun Historical Facts.

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