Dallas leaders float ‘financially beneficial’ opportunity for Neiman Marcus, Saks Global

Quick Summary:

A consortium of city leaders hasn’t given up the fight to keep the iconic downtown Neiman Marcus store open, at least for a few more months.

Saks Global originally characterized its decision as forced by an unresolved lease dispute involving a small parcel of land under the building.

It’s not clear how soon that could happen, given its strained finances. The acquisition required the company, which S&P Global Ratings analysts say has “a persistent free operating cash flow deficit,” to add to its debt load.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Dallas Store Saks Marcus Consortium Neiman Downtown City Location Leaders Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 13:12:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 26996651

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