His stories have aired nationally on the BBC, NPR’s All Things Considered, Morning Edition, Weekend Edition, and Here & Now, and APM’s Marketplace. There’s a $345,000 getaway to a home in Alaska that includes a glacier exploration with a private guide. Hayes said this might be the opening. Mainstream television comedies from The Golden Girls to Girls have used it as a punchline. The Dallas-based luxury retailer said Wednesday that it has partnered with Affirm, a San Francisco-based financial technology company, to provide split payments to customers. The 447,772-square-foot center employs 252 people. A couple of Last Call stores will remain open to sell Neiman Marcus clearance merchandise, and some Last Call staff members will be placed in other jobs. “That certainly wouldn’t have been possible without Neiman Marcus.”. Reuters reported the company had few options after the coronavirus spurred lockdowns that shuttered non-essential businesses, including all 43 of their stores. Neiman Marcus CEO flaunts his Dallas mansion in an 11-page magazine spread - then 'lays off staff who call him 'tone-deaf' Neiman Marcus employees … Garrett is not urging owners to board up their businesses, promising stepped up security and a quick response should any trouble break out. Basically, there just isn’t leftover money to invest in the company. The property is valued at $19.3 million on the Dallas County Appraisal District website but will likely fetch significantly more than the taxable value. Affirm works with Nordstrom, Williams-Sonoma, Peloton, Walmart and several other brands to provide their shoppers the option. “The election is coming up and they don’t want to get hit by surprise like it happened a few months ago when we had the protests here in downtown,” said manager Agustin Martinez. The Longview facility has been its main distribution center where merchandise is received and then sent out to stores. Click here to read all retail news and updates. 'Silver and mirrored cabinets from the 1930s, along with hand-painted walls depicting oneiric landscape, create a fantastic portal into an old Hollywood movie set,' Paper City Magazine wrote. The laid-off workers will be eligible for severance and outplacement services and can apply for other open positions, the company said. “They would all note Dallas is a magnet for fashion and a place that’s important to their business,” she said. The store’s fame and notoriety didn’t come only because it sold expensive stuff. But it was later discovered that van Raemdonck and other executives could receive up to $9.9million on the Chapter 11 bankruptcy protection. They'd receive a smaller pay day if the tasks were completed by November 15. ‘I get that all the time,’ says Prescott, For some Dallas-area charities, COVID interrupts Thanksgiving tradition of feeding the hungry, Garland trade school owner charged with bilking VA out of $70 million, Neiman Marcus’ bankruptcy exit has been approved, and now the big second chance begins, Neiman Marcus Christmas Book covers the fantasy spectrum from an RV to a $48,500 Russian sable coat, Look inside three small local retailers and see why they opened new stores in Dallas and Frisco in 2020, New McKinney community will offer home-style rentals, DFW clings to the country’s busiest airport title in September, but the world is catching up, Two new apartment projects on the way near Dallas’ Love Field, Aldon Smith went past rock bottom. In the first half of this year, Affirm said nearly 70% of its loans were from repeat customers. “A New Yorker article one time, back when Stanley was selling the store, said he was the first one to sell the sizzle before he sold the merchandise,” Alexander recalled. Looking for more retail coverage? After weeks in the works, Dallas-based Neiman Marcus has filed for Chapter 11 bankruptcy. Unrest over the summer caused $3 million in damages to downtown Dallas businesses, according to Downtown Dallas Inc. Vandals targeted Ellen’s during one night of protests, causing about $5,000 worth of damage. Neiman Marcus said the fantasy gifts this year are gifts that bring joy. We are no longer accepting comments on this article. DALLAS - Dallas-based luxury retailer Neiman Marcus is not letting a few challenges this year stop a holiday tradition.. Neiman Marcus emerged … Even more, employees claimed that van Raemdonck billed them thousands of dollars in health insurance premiums that the company covered amid furloughs. even decent sales can mean little when you have so much debt, over 80% of retail shopping was still happening in-store, has been interested in buying Neiman Marcus, Hear World Cafe Interviews With 11 Of This Year's Grammy Nominees, Trump Takes Questions From Reporters For 1st Time Since Election Day, Play It Forward: Thanksgiving Edition, Pt.1, Report: Neiman Marcus Preparing To Declare Bankruptcy, Excess In Texas: Lone Star Businesses Get A $19 Billion Leg Up, A Shopaholic’s Guide To Neiman Marcus: 17 Fun Historical Facts. Its financial problems didn’t start with the outbreak, however. A big cause is that Neiman Marcus has almost 5 billion dollars of debt, partly the result of leveraged buyouts in 2005 and 2013. Published: 14:43 EST, 28 September 2020 | Updated: 15:03 EST, 28 September 2020. Visit neimanmarcus.com for a full list of services. It also left bankruptcy proceedings with a $750 million loan from Credit Suisse, according to the Dallas Morning News. Neiman Marcus temporarily closed all its 43 stores and furloughed thousands of workers in the wake of the coronavirus epidemic. With the stores in suburban Boston … Downtown Dallas businesses say they “don’t want to take any chances.” From Nieman Marcus to apartment buildings, parts of Downtown Dallas are boarded in case the election leads to protests.