Ever since Neiman Marcus filed for Chapter 11 bankruptcy protection back in May, there has been rumors and speculation that the retail giant would vacate its Hudson Yards location, some even suggesting that it could become a Facebook office. Regardless of what the Hudson Yards space may now be used for, Neiman Marcus has finally officially confirmed that it would be vacating the premises, along with two locations in Florida and one in Washington.
“We are always assessing our store footprint to ensure it is optimal to enhance revenues, overall profitability, and our integrated retail strategy,” a spokesman from the company said. “These store closures will help ensure the continued long-term success of our business and underscores our unrelenting focus on providing unparalleled luxury experiences and engagement.” The spokesman added: “A physical location in Hudson Yards is no longer an ideal space for us given the preponderance of restaurants and future office space in that mall.”
“It is unfortunate that Neiman Marcus was unable to achieve the success that other retailers have found at Hudson Yards and we look forward to welcoming the designer brands who drove Neiman Marcus’ sales to their own stores in the retail center,” a spokesman from Hudson Yards told CNBC. “This opens up a great opportunity to create incredibly attractive office space with the largest floor plates available in New York City, a private ground floor entrance, and 18 foot high ceilings at 20 Hudson Yards.”
Elsewhere in business-related news, HBO Max has drawn in 4.1 million subscribers within the first month of launching.