Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Why Neiman Marcus Is Closing Its Hudson Yards Store
The department store chain is rethinking its store count as its customer base shifts to online shopping.
New York—Neiman Marcus is moving out of Hudson Yards, the slick, uber-chic development on the west side of Manhattan.
As the retailer moves through Chapter 11 bankruptcy proceedings, it’s taking a closer look at how many stores it has and where, weighing that against how consumer behavior has changed in recent months.
The retailer said it has analyzed the changes in the retail environment and believes customers’ new online shopping habits will stick.
“The COVID-19 pandemic reaffirmed the importance of our stores as a key place to build customer relationships in the context of our digital ecosystem,” a spokesperson said in a statement to National Jeweler.
In a court filing last week, the department store chain listed a total of four locations that are on the chopping block, including the 188,000-square-foot store in the Hudson Yards shopping center.
Opened in March 2019, the location is spread across three levels in the high-end mall, featuring four restaurants and trendy offerings including a spa, a pop-up florist, a leather care station and personal shopping services.
The location also houses a stage for live performances. Academy Award-winning actress and singer Liza Minelli performed at the store’s opening party.
The other Neiman Marcus stores closing for good are in Fort Lauderdale and Palm Beach, Florida and the store in Bellevue, Washington.
The department store chain has been struggling under a mountain of debt followed by the disruptions related to the coronavirus pandemic, including temporary store closures and the furloughing of 14,000 employees.
“A physical location in Hudson Yards is no longer an ideal space for us given the preponderance of restaurants and future office space in that mall,” Neiman Marcus said in a statement.
As of Tuesday, Hudson Yards was open at 50 percent capacity with several tenants offering curbside pickup.
The retailer said it will focus on the luxury customers it has through its Bergdorf Goodman store, and will serve its Neiman Marcus customers both online and at its other physical locations.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.