On March 31, Dallas was set to say goodbye to the more than 100-year-old flagship Neiman Marcus. Just days before it was to close for good, an announcement from its parent company, Saks Global, that it would stay. At least for now.
"We're committed to the Neiman Marcus name, period, but in Dallas, absolutely. This is not something that can be messed with," Marc Metrick, CEO of Saks Global said. This is just weeks after Metrick made the announcement that the decision to close was final.
"I think when you say your decision is final, it's final. But what you have to do is you have to weigh again. You don't want to get out and say, well, it's 99 percent.
That's not something how you want to run a business,” Metrick said. He also said he can understand the emotions that were tied to the changing status. "It's unfortunate, but when you're in my position and my team, you're looking at it from your employees and your associates.
And while the city was making a compelling case to the company, we didn't want to give people any false sense of what was happening," Metrick said. Metrick said the public may have found out about the change of plans at what seemed like the eleventh hour, but the deal had been in the works for weeks with Dallas City Manager Kim Tolbert and other leadership. “I think it's about really building or rebuilding this whole downtown corridor and they're committed to working with us all the way through and how that happens and in what shape that takes form,” Me.
