Retail

The private company that owns retailers Saks Fifth Avenue and Neiman Marcus said in a release Wednesday that it had filed for Chapter 11 bankruptcy in the Southern District of Texas.

Under an agreement with the city, an investment firm is planning to bring in a conference center, restaurants and possibly a 150-room hotel to the Mesquite mall.

Saks Global, which owns Neiman Marcus, announced the decision to keep the flagship store open longer on Friday while they work with city officials to reimagine the space.

The meeting comes after Neiman Marcus owners announced last month it would close the downtown Dallas store March 31.

The portrait was by artist William A. Foley Jr., according to his widow, who also believes it should be returned.

City and real estate officials announced a plan to keep the store in downtown, but the company says it still plans to close the historic flagship's doors.

Some city leaders and real estate professionals say they will work together to find a way to keep Neiman Marcus open in downtown Dallas, days after the store said it was being forced out.

The popular Hispanic market in East Dallas has served the community for over 20 years.

Jack Miller, whose family has owned the high-end jewelry retailer since 1983, announced the closure in a Nov. 7 letter. He did not specify when stores would officially stop welcoming customers but said there will be a final sale.

H-E-B is getting an H-E-B. The San Antonio-based grocery and Texas cultural phenomenon will open a store at the northwest corner of Cheek-Sparger Road and Rio Grande Boulevard, along the Euless-Bedford city limits.

At the CES trade show in Las Vegas, the nation's largest retailer said it will expand its drone delivery to 1.8 million additional households in the Dallas-Fort Worth metropolitan area this year.

Though the pain of the deadly May 6 shooting hung in the air at the Allen outlet mall, many shoppers returned with the hope of moving on.