Neiman Marcus sells distribution centers in Irving and Longview
The Dallas-based retailer said it’s consolidating store distribution and online fulfillment operations from four to two buildings in West Dallas and in eastern Pennsylvania near Scranton.
Exterior view of the Neiman Marcus flagship store on Main Street in downtown Dallas.(Smiley N. Pool / Staff Photographer)
Neiman Marcus is selling distribution centers in Irving and Longview and plans to use the money to start spending $85 million over the next two years modernizing its supply chain.
The buildings are under contract with undisclosed buyers and the transactions are expected to close at the end of the month, the Dallas-based luxury retailer said.
Neiman Marcus Group Reshapes the Luxury Customer Experience with Advances in Digital, Merchandising, and Supply Chain through Investments and Key Hires
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DALLAS, Jan. 27, 2021 /PRNewswire/ Neiman Marcus Group ( NMG or the Company ) announces today investments in talent, merchandising, technology, and supply chain that will reshape the Neiman Marcus and Bergdorf Goodman customer experience. Neiman Marcus Group is a customer and brand relationship business, powered by a strong digital ecosystem, said Geoffroy van Raemdonck, CEO, Neiman Marcus Group. Today we are announcing additional moves to accelerate our transformation reflecting our renewed financial flexibility and desire to invest in areas that are a source of unique competitive advantage and create shareholder value.