The Dallas City Council in May 2022 approved the luxury retailer getting an economic development grant in exchange for keeping its flagship store downtown

Back-to-back announcements centered on an iconic Dallas retail brand is sending shockwaves through the region. Neiman Marcus will shutter its flagship downtown Dallas store effective March 31, just months after Saks Global acquired the luxury retailer for $2.65 billion.

The news comes less than a year after Neiman Marcus’ merger with Saks Fifth Avenue and shortly after the announcement of the closing of their CityPlace offices.

Saks Global closed the Dallas corporate headquarters of Neiman Marcus Friday in a cost-saving move. NexPoint, said in an email that it’s “looking to engage

The corporate headquarters was designed to accommodate up to 800 employees. It will shutter as part of a cost-saving drive by Saks.

Neiman Marcus announced Tuesday it will close its flagship store in downtown Dallas after more than 100 years. The store will close March 31st after parent company Saks Global was ordered to terminate occupancy.

Herbert Marcus Sr., his sister, Carrie Marcus Neiman, and her husband A.L. Neiman opened the retailer's first store in Dallas, Texas, in 1907.

For anyone who believes architecture is nothing more than lifeless brick and stone, glass and steel, the outpouring of sadness over news that Neiman Marcus is shuttering its downtown flagship can stand as a glaring rejoinder.