As an editorial in this paper noted, the loss comes as “a painful reckoning that a part of who we are is going away.” When Neiman Marcus is gone, downtown — once a regional mecca of department stores — will have no such institution remaining.

Herbert Marcus Sr., his sister, Carrie Marcus Neiman, and her husband A.L. Neiman opened the retailer's first store in Dallas, Texas, in 1907.

The news comes less than a year after Neiman Marcus’ merger with Saks Fifth Avenue and shortly after the announcement of the closing of their CityPlace offices.