Neiman Marcus Group Net Worth is4.34 $Billion
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Company Name: Neiman Marcus
Company Type: Private
Foundation: 1907
Key People: -Carrie Marcus Neiman, Cofounder & chair of board, -Christopher Lebamoff, VP Store Planning
Location: Dallas, Texas, United States
Locations: 42
Industry: Retail
Products: Clothing, footwear, furniture, jewelry, beauty products, electronics, and housewares.
Owner: TPG Capital, Warburg Pincus
Homepage: [http://www.neimanmarcus.com www.neimanmarcus.com]
Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth Avenue, Barneys New York, Lord & Taylor, Nordstrom, Von Maur and Bloomingdale's. The Neiman Marcus Group also owns Bergdorf Goodman specialty retail department stores on Fifth Avenue in New York City and a direct marketing division, Neiman Marcus Direct, which operates catalogue and online operations under the Horchow, Neiman Marcus and Bergdorf Goodman names. It sells automobiles on one side and other things one the other. It has proposed events. It sells the Lincoln Blackwood truck and other transport.
Herbert Marcus, Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, A. L. Neiman, then employees of Sanger Brothers competitor A. Harris and Co.. In 1907 the trio found themselves with $25,000 from the successful sales-promotion firm they had built in Atlanta, Georgia, and two potential investments into which to invest the funds. Opting to reject the unknown "sugary soda pop business," the three entrepreneurs chose instead to return to Dallas to found a retail business rather than take a chance on the fledgling Coca-Cola company. For this reason, early company CEO Stanley Marcus was quoted in 1957 as saying in jest that Neiman Marcus was "founded on bad business judgment." The store, established on September 10, 1907, was lavishly furnished and stocked with clothing of a quality that was not commonly found in Texas. Within a few weeks, the store's initial inventory, mostly acquired on a buying trip to New York made by Carrie, was completely sold out. Oil-rich Texans, welcoming the opportunity to flaunt their wealth in more sophisticated fashion than was prev

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Neiman Marcus Group Latest News

Liberty of London exec returning to Neiman Marcus

Neiman Marcus Group announced on Monday the return of Ed Burstell as senior vice president of Product Innovation, a newly created role, effective Jan. 9, according to a company press release emailed to Retail Dive. Burstell most recently was managing ...
Posted: December 7, 2017, 12:00 am

Christmas shopping the old-fashioned way

Neiman Marcus Group, in the 2017 edition of its venerable Christmas Book, used a social media contest for 1,500 photos capturing happy moments to be featured in a cover collage. And home furnishings retailer Wayfair.com started mailing full-line catalogs ...
Posted: December 4, 2017, 5:40 pm

Anna Wintour at the Mall? The Editor in Chief Talks Retail and Trends at Neiman Marcus

The two, who have served as judges in the CFDA/Vogue Fashion Fund in the past, got together to inspire an haute group of shoppers just in time ... of Vogue and now on the racks (and online) at Neiman Marcus. After the conversation, a runway show filled ...
Posted: December 8, 2017, 11:56 am
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