Neiman Marcus to open 250,000 sq.ft flagship store in Manhattan, New York City with further expansion plans for the New York Region

Luxury retailer Neiman Marcus has announced they plan to open a 250,000 sq.ft flagship store on the West side at Hudson Yards in Manhattan, New York City.

The luxury department store in Hudson Yards will offer sweeping views over the vast public plaza and monumental meeting place being designed by Thomas Heatherwick and Thomas Woltz, the unique Culture Shed, the planned home of New York Fashion Week and the widely-acclaimed High Line.

The 28-acre Hudson Yards, developed by Related Companies and Oxford Properties Group, will include more than 17 million square feet of commercial and residential space, as well as 14 acres of public open space, a 750-seat public school and a 175-room luxury hotel.

The Neiman Marcus flagship store plans to open in 2018, and will be a first for the brand in New York City, with a three-level Neiman Marcus store planned. Customers will have multiple access points throughout the complex including from the east, west, north and south and a dedicated entrance on 10th Avenue. The Hudson Yards store plans to offer customers of Neiman Marcus’ signature mix of luxury and fashion brands.

“Neiman Marcus Group is delighted to announce that Manhattan will have its first Neiman Marcus! Hudson Yards presents the ideal location for a Neiman Marcus store. The project is a bold and innovative retail idea and one that complements how we view our Neiman Marcus Brand.” said Karen Katz, president and chief executive officer of Neiman Marcus Group.

4 View from restaurant of Neiman Marcus Interior Entrance - credit Courtesy of Related-Oxford

“Neiman Marcus Group is well-known to New York and New Yorkers through our landmark Bergdorf Goodman store – a beloved and revered New York institution at the corner of 5th and 58th, and we are excited to establish a flagship NM store in one of the world’s premier shopping destinations. We look forward to serving New Yorkers and visitors to New York with legendary Neiman Marcus style.”

The renovation of Bergdorf Goodman is also extensive with the Neiman Marcus Group initiating a five-year plan and a multi-million dollar comprehensive refit to modernize Bergdorf Goodman offering its customers a further enhanced shopping experience.

Called “BG 20/20,” the redesign includes the addition of space dedicated to designer and luxury women’s sportswear as well as the creation of “labs” to showcase new and emerging designers. The renovation project is scheduled to be completed for a 2020 opening. The company’s current New York store presence includes two Bergdorf Goodman stores located at Fifth Avenue and 58th Street.

2 Public Plaza Entrance - View from the High Line - credit Courtesy of R...

And it doesn’t stop there, Neiman Marcus is also planning to expand further into the New York region with the company planning to open a Neiman Marcus full line store in Long Island in February 2016.  The store will be located in the Roosevelt Field Mall in Garden City, NY.

Additionally, the company announced its plan to open its first Last Call Studio in New York later this year. The retailer’s off-price store will feature exclusively edited, in-season, apparel and accessories purchased directly from designers and will be located in the Brooklyn Municipal Building.

A powerhouse in luxury and contemporary retailing both in bricks and mortar and online, Neiman Marcus Group LTD LLC operations (with the headquarters based in Dallas, Texas) include the Specialty Retail Stores segment and the Online segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts direct to consumer operations under the Neiman Marcus, Horchow, CUSP, Last Call and Bergdorf Goodman brand names.

 

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