Neiman Marcus

Neiman Marcus, the Dallas-based luxury retailer founded in 1907 by Herbert Marcus, his sister Carrie Neiman, and her husband, Al Neiman, has long been the epitome of American opulence. Known for its extravagant Christmas catalogues—featuring gifts like private jets and his-and-hers submarines—the store turned indulgence into an art form. Yet, behind the glittering facade, Neiman Marcus has weathered its share of financial turbulence, from the leveraged buyouts of the 1980s to its 2020 bankruptcy, which left the brand reeling. Despite a storied history that includes hosting fashion royalty and defining high-end retail, the company’s recent struggles to adapt to the digital age have left some questioning its relevance. Still, with new leadership and a post-bankruptcy clean slate, Neiman Marcus aims to reclaim its throne, proving that even in the luxury market, reinvention is just another word for survival. The legacy? A grand department store fighting to stay grand.