Luxury retailer Neiman Marcus marked a turning point for the retail industry one year ago this week when it became the first major department store to file for Chapter 11 bankruptcy protection because of the pandemic, starting a much bigger shift in the way real estate is used that's still playing out as retailers seek ways to survive curtailed revenue.
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A Year After Pandemic's First Big Retail Bankruptcy, Department Stores Set New Industry Direction
Coronavirus-Fueled Filings Showed That US Has Too Much Store Space
CoStar News
May 6, 2021 | 11:32 P.M.
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IN THIS ARTICLE
- Properties
- Neiman Marcus
1618 Main St, Dallas, TX
- The Park at Legacy
6501 Legacy Dr, Plano, TX