TEXAS WOO STEP

$5.2M offer to keep Neiman ‘HQ’ in Dallas

Dallas officials have approved $5.2 million in economic incentives to keep Neiman Marcus from pulling up stakes in its hometown — but the luxury chain isn’t yet committing, saying it’s shifting to a remote-work strategy that’s less reliant on a corporate headquarters.

Neiman and its 114-year-old flagship store in historic downtown have long been proud fixtures in Dallas, and city officials want it to stay that way. Terms of the incentives require that 35% of the company’s employees in Dallas live in the city. The package approved Wednesday also requires Neiman to retain a minimum of 1,100 corporate employees in Dallas.

But Neiman Marcus — which closed two of three office locations in the city during its 2020 bankruptcy — didn’t immediately commit, describing the offer as “an important milestone” that will require further discussion.

Indeed, the swanky retailer lately has been leaning into a new corporate strategy, accelerated by the pandemic, that allows its office staff to work remotely — and not just from Dallas but from all over the country.

“We are purposefully not calling Dallas the headquarters but we will always have the majority of our employees in Dallas,” Neiman Marcus chief executive Geoffroy van Raemdonck told The Post in an interview this week. “From an employee standpoint there is not a corporate headquarters.”

Bosses spread out

As previously reported by The Post, the company’s senior management, once concentrated in Dallas, is now spread out across the country now in Florida, California, New York, Missouri and North Carolina among other states.

For the past five months, about 10 of the top executives have been meeting once a month at stores in different cities, including New York, Miami and Scottsdale, Ariz., van Raemdonck said.

Currently, most of Neiman’s corporate employees are still based in Dallas although there “has been a slight decrease since 2019,” according to a company spokeswoman.

The company said it is shifting to regional hubs where employees can meet, but not necessarily every day. It has been searching for new offices in Dallas where at least half the space is comprised of conference rooms and lounges rather than individual desks, the company told The Post.

“As our process moves forward, we remain committed to continued collaboration with the city of Dallas on a final agreement that enables Neiman Marcus Group to deliver a modern workspace consistent with our integrated working philosophy and contributes to sustained economic development and job creation,” the company said in a statement.

Neiman Marcus CEO Geoffroy van Raemdonck is playing a high-stakes game with the city of Dallas, which is offering incentives to keep the high-end retailer’s corporate operations in its hometown. But van Raemdonck described the offer only as “an important milestone” requiring corporate discussion.