Search
 

Neiman Plans Slow Growth

DALLAS-The luxury retailer is growing its namesake and smaller-format Cusp stores at a conservative pace.

By Debra Hazel | Updated on December 08, 2006

DALLAS-With its acquisition by Texas Pacific Group and Warburg Pincus complete, The Neiman Marcus Group is growing both its namesake stores and its new Cusp concept, executives said in its first quarter conference call. The company plans to open six Neiman stores in the next four years, with units to open in Austin, TX; in March, and Natick, MA in fall 2007.

“We are reviewing other prospective sites,” said Burton M. Tansky, president and CEO. Neiman also will open two more Cusp stores by the end of the fiscal year, for a total of four. But the younger-skewing, edgier specialty stores (averaging 7,000 square feet to 8,000 square feet) remain a work in progress.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.