Posted on 02/19/2025 10:22:33 AM PST by DallasBiff
After more than 100 years in business, the flagship Neiman Marcus store in Downtown Dallas is closing.
News of the closure broke Tuesday when the company’s new owners announced they were being forced to close the landmark location.
Saks Global acquired the Dallas-based luxury brand last year.
(Excerpt) Read more at nbcdfw.com ...
They’re investing $100m in the North Park store, which has been the main store for at least 40 years.
HARD TO BEAT HANES PRODUCTS
Ah, well they were smart enough to get land at least, though a lot of in Texas is old family ranchland. I was lucky to buy some in ‘84 before the gas drilling, owned it until 2016, sold it, carried the mortgage for Black church and school, kept the minerals rights. Church paid off the mortgage a couple of years ago. The gas wells will run dry eventually, they’ve been paying for about 16 years, they did refrac’ them about 7 years ago, which might extend their time some, original estimate was about 20 years. Mine are pretty small, about 40 acres, though I know a rancher lady who gets $75k a month. Her daughter will get that pretty soon. Being a moron isn’t all bad.
I remember the Needless Markup name. Very funny. I liked to shop there, gorgeous women’s clothes. Didn’t buy them, found similar items at other stores for less money.
Lunch at the Zodiac Room on special occasions was always a treat.
I assume this is the infamous store where the “Neiman Marcus cookie” story came from.
wow
The Ewing family will have to find some other place to shop now.
While I really like online shopping for a variety of reasons, including being able to find things that I could never find when I needed them, I also enjoy or, I should say did enjoy going down to the mall and walking around and enjoying the sights, the girls, window shopping in the stores Etc. I think the current generation actually is missing something by not having that.
There’s a piece of trivia for you. Out on the east side of Orlando there is a mall which is still there called Fashion Square. Back in the early seventies I lived in Orlando for a couple of years, I used to go down there as a single guy and wander around and look at girls and stuff. There was a Spencer’s Gifts there. I looked it up this week and there is still 50 years later, a Spencer’s Gift there. Everything else has changed.
Sad to see it go. My mother use to take us there when I was a kid. Lots of good memories.
“Spencer’s Gifts” — I had totally forgotten that name, but now I remember it always offered really cheesy products.
It began as a mail-order business founded by Max Spencer Adler in 1947, relying heavily on catalog sales to reach customers. While the catalog was its primary marketing tool—offering items like cotton candy makers and live donkeys—the company also placed ads in magazines to drive catalog orders.
The December 1963 issue of Ladies’ Home Journal featured a two-page holiday spread showcasing Spencer Gifts’ oddball offerings, such as a “Take-Apart Clown Breakfast Set” and an “Electric Climbing Santa.”
In the 1970s and 1980s it became a mall staple with over 600 locations. I don’t think I ever ran across any of their brick & mortar stores. The company morphed into risqué and gag-gift inventory—like lava lamps, blacklight posters, and adult novelties.
Their store decorations were always the best the glitter butterflies hanging over the escalator were magical. Best evening wear too.
Been there many times.
My favorite was the San Francisco Store that is long gone.
There are several different types of rich people:
The vast majority of the rich, which you would never even know are rich, because they live in modest homes and drive modest cars, and certainly never shop at Neiman Marcus. These people are all around you every day, and you dont even know it. In fact one might be under your sink right now fixing it (if they own the plumbing repair company)
Then there are the rich who are not actually rich, but look rich. These are people who actually make a lot of money from their jobs but, they spend it all. These people have no savings beyond the equity in their homes (which they have most likely also tapped with Home Equity Loans). These people are obsessed with “keeping up with the Jones” and will always drive some high end vehicle and are obsessed with designer brand clothes ect. They are the prime target of stores like Neiman Marcus.
The last group are the lucky rich, they are the smallest group. These are people who stumbled into their wealth whether it was inherited, or won in a lotto, or something of that nature. These people often dont stay rich for long because they never developed the habits needed to remain rich and they often fall into the same traps as the keeping up with the Jones group.
The Neimans in Northpark mall has a BLM sign crudely painted at one of the entrance ways. It has been there since about 2020 and the music of choice in the store is all ghetto. Definitely not the shopping experience it once was.
The Northpark store used to be wonderful. It sorely needs a return to it’s former days. STart with the BLM sign and the ghetto music. The clothes are just out on racks like junk. Totally downhill.
Scared me for second.
NM is still open at Union Square.
I just shopped there last month
Just called to be sure but, Bloomingdales is toast
BINGO
Then came Amazon and online shopping.
My mistake San Francisco store still open.
Yeah, I agree with all that. Inherited wealth usually disappears in one or two generations. I got a decent inheritance, was already retired, just put it in CDs and Bonds, never touch it, just let it grow. The next generation can blow it, they’ll need it. I like ‘under the radar’, daily driver is a 2009 pickup.
Dad was successful and driving a Buick Special in retirement, much more modest than his friends’ cars. I asked why. He said, “I don’t want to attract attention.” A banker friend had been kidnapped, forced to withdraw big cash and hand it over.
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