The Traderszone Network

Published in TZ Latest News 15 September, 2017 by The TZ Newswire Staff

Neiman Marcus is downsizing flagship store at Hudson Yards

Neiman Marcus is downsizing its soon-to-be flagship store in Related Companies’ massive Hudson Yards complex. The Dallas-based luxury retailer, which signed a deal to anchor Related’s 1 million-square-foot complex in 2014, could be minimizing its planned 250,000-square-foot space by somewhere between 10,000 and 70,000 square feet, according to the New York Post. Neiman Marcus, which is owned by private equity firm Ares Management, has seen declining sales for seven consecutive quarters, and like most retailers, […]

read more