After extensive negotiations between Saks Global, the parent company of Neiman Marcus, and Dallas city officials, the historic Downtown Dallas flagship store will remain operational through the 2025 holiday season. This decision comes after earlier plans to close the store on March 31, 2025, were reversed following collaborative efforts to preserve this iconic retail destination.
The store’s continued operation provides an opportunity to reimagine the space in collaboration with the city of Dallas. Proposed concepts include transforming the location into a modern fashion, art, and entertainment destination, featuring luxury retail experiences, curated art exhibitions, and a fashion and event center.
Saks Global CEO Marc Metrick expressed enthusiasm about the project, stating, “We deeply admire the city’s passion and unwavering dedication to Neiman Marcus’ storied legacy in Dallas. The potential reimagination of this iconic shopping destination reinforces Saks Global’s commitment to redefining the luxury shopping experience.”
Dallas City Manager Kimberly Bizor Tolbert echoed this sentiment, highlighting the city’s commitment to transforming downtown into a vibrant fashion hub. She remarked, “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.”
The saga of the Downtown Dallas Neiman Marcus has been marked by significant developments. In February 2025, the store’s closure was announced due to a lease dispute involving a portion of the property controlled by another landlord. However, a last-minute agreement between city officials and Saks Global has temporarily saved the store, allowing for continued operations through the end of the year.
The Neiman Marcus Building, located at 1618 Main Street, has been a cornerstone of Dallas’s retail landscape since its opening in 1914. Designed in the Renaissance Revival style by architect George Dahl, the building has undergone several expansions and renovations over the decades. It stands as a testament to the city’s rich history and its evolution as a fashion destination.
Founded in 1907 by Abraham Lincoln “Al” Neiman, his wife Carrie Marcus Neiman, and his brother-in-law Herbert Marcus Sr., Neiman Marcus introduced the concept of ready-to-wear fashion to Dallas, revolutionizing the retail experience. The flagship store has since become a symbol of luxury and sophistication, attracting shoppers from around the world.
The store’s annual holiday celebrations are made of legend, featuring elaborate window displays, a towering Christmas tree, and festive decorations that draw crowds year after year. These traditions have become an integral part of Dallas’s holiday season, contributing to the city’s cultural vibrancy.
As Saks Global and Dallas officials collaborate on the store’s future, the goal is to honor the legacy of Neiman Marcus while introducing innovative concepts that meet the evolving needs of modern consumers. This partnership aims to revitalize downtown Dallas, reinforcing its status as a premier destination for fashion, art, and entertainment.
The decision to keep the Downtown Dallas Neiman Marcus open reflects a broader trend in the retail industry, where companies are reimagining traditional department store formats to create more engaging and experiential spaces. By integrating luxury retail with art and entertainment, Saks Global and the city of Dallas are setting a new standard for urban retail experiences, ensuring that this historic landmark continues to thrive in the 21st century.
