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Neiman Marcus

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**1. Neiman Marcus History and Growth:**
– Founded in 1907 in Dallas, Texas by Herbert Marcus, Abraham Lincoln Neiman, and Carrie Marcus Neiman.
– Flagship store opened in 1914 after a fire destroyed the original store.
– Introduced menswear in 1929 and expanded to less-expensive clothing lines in the 1930s and 1940s.
– Neiman Marcus Group, Inc. owns Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call.
– Merged with Broadway-Hale Stores, Inc. in 1968 for rapid expansion.
– By the late 1970s, stores were opened in over 30 cities across the US.

**2. Neiman Marcus Marketing and Innovation:**
– First weekly retail fashion show in the US premiered in 1927.
– Extravagant marketing efforts included the launch of His and Her gifts in the Christmas Book.
– Annual Fortnight event showcased fashions and culture from different countries.
– Innovative seasonal campaigns featured art-inspired themes and colors.
– Acquired Ben Wolfman, Inc. in 1955, expanding presence to Houston.
– Gittings operated a portrait studio in Neiman Marcus during the 1950s and 1960s.

**3. Neiman Marcus Leadership and Management:**
– Stanley Marcus took over company operations in the 1950s.
– Geoffroy van Raemdonck has been the CEO since February 2018.
– Company’s profit in 1967 exceeded $2 million with annual sales of $58.5 million.
– Neiman Marcus Group, Inc. is headquartered in Dallas, Texas.
– Neiman Marcus is a private company in the retail industry.

**4. Neiman Marcus Financial Events and Recent History:**
– Neiman Marcus filed for Chapter 11 bankruptcy in May 2020 due to the impact of the COVID-19 pandemic.
– The company exited Chapter 11 bankruptcy in September 2020 and is now owned by investment firms like Davidson Kempner Capital Management.
– In 2021, Neiman Marcus reported its highest sales volume in almost half of its stores.
– Sales of the top 20 brands grew by 70% above pre-COVID levels in 2019.
– The company attracted younger customers, lowering the average age by seven years.

**5. Neiman Marcus Retail Operations and Expansion:**
– Neiman Marcus operates 36 stores in the US and two Bergdorf Goodman stores in Manhattan.
– The flagship store and headquarters are located in Downtown Dallas.
– Stores offer a range of products including accessories, lingerie, children’s clothing, and menswear.
– Neiman Marcus Building opened in 1914 at Main Street and Ervay Street.
– Neiman Marcus opened its first store outside Texas in Houston in 1955.

Neiman Marcus (Wikipedia)

Neiman Marcus Group, Inc. is an American integrated luxury retailer headquartered in Dallas, Texas, which owns Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call. Since September 2021, Neiman Marcus Group has been owned by a group of investment companies led by Davidson Kempner Capital Management, Sixth Street Partners and Pacific Investment Management.

Neiman Marcus Group, Inc.
Company typePrivate
FoundedSeptember 10, 1907 (116 years ago) (1907-09-10) in Dallas, Texas, US
Headquarters1618 Main St
Dallas, Texas 75201
32°46′50″N 96°47′50″W / 32.7805554°N 96.7973419°W / 32.7805554; -96.7973419
Number of locations
36, not including Last Call locations
Area served
United States
Key people
  • Geoffroy van Raemdonck (CEO, Feb. 2018)
  • Clothing
  • designers
  • footwear
  • accessories
  • handbags
  • jewelry
  • cosmetics
  • fragrances
  • furniture
  • decor
  • appliances
  • housewares
  • bedding
  • bath
  • gifts
  • magazines
RevenueIncrease US$4.9 billion (FY2018)
US$251.1 million (FY2018)
Total assetsUS$7.546 billion (FY2018)
Number of employees
10,000 (2022)
Interior of a Neiman Marcus store
Flagship store interior
Logo on a storefront
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