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Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. Since 2024 it has been owned by Saks Global , the American division of the Hudson's Bay Company .
On May 2, 2005, Neiman Marcus Group was the subject of a leveraged buyout (LBO), selling itself to two private equity firms, Texas Pacific Group and Warburg Pincus. [3]In August 2013, Women's Wear Daily reported Neiman Marcus Group was preparing for an initial public offering of its stock. [4]
Hugh Mullins, formerly of Neiman Marcus, became the CEO in February 2004 and resigned in August 2005. [10] [11] Hinkley then re-assumed the role as interim CEO. [12] Casey, serving as executive vice president, left the company for personal reasons in January 2006, expressing in her resignation letter a lost faith in the company's leadership.
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Courtesy of Neiman Marcus. The department store giant also announced another leadership change. Chief customer officer David Goubert, who has been with NMG for three years, is departing to pursue ...
Neiman Marcus' high standard of customer service extends through its private label credit card program which offers cardholders access to the InCircle® loyalty program, exclusive offers, unique ...
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The full-line division competes with department stores including Bloomingdale's, Macy's, Neiman Marcus, and Saks Fifth Avenue, while the off-price division competes with retailers including the TJX Companies and Ross Stores. [4] Previous expansions beyond the contiguous United States include Puerto Rico (2015–2020) and Canada (2014–2023).