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Visa and MasterCard team up to focus on better payment security

Visa and MasterCard team up to focus on better payment security

NEW YORK, March 7 (UPI) -- MasterCard and Visa announced Friday that they formed a cross-industry group to work on improving payment security systems, including new chip technology.
Ananth Baliga
Kickstarter says credit card data is safe after hack

Kickstarter says credit card data is safe after hack

NEW YORK, Feb. 17 (UPI) -- Crowdfunding site Kickstarter said they were hacked last Wednesday, but reassured users that sensitive credit card information was safe.
Ananth Baliga

Senate panel considers escalating cybercrimes

WASHINGTON, Feb. 4 (UPI) -- Data breaches at U.S. retail stores presents a dramatically escalating theft problem for the country, participants at a hearing in Washington said Tuesday.

Michaels may be latest retailer to have security breach

IRVING, Texas, Jan. 26 (UPI) -- Michaels Stores, based in Texas, said it is investigating a potential security breach that could have leaked customer's credit card information to thieves.
Neiman Marcus confirms and apologizes for data breach

Neiman Marcus confirms and apologizes for data breach

DALLAS, Jan. 23 (UPI) -- U.S. retailer Neiman Marcus said Thursday a major breach of customer data from mid-July through October resulted in about 2,400 individual thefts.

Data breach 'potentially' resulted in fraudulent purchases

DALLAS, Jan. 11 (UPI) -- U.S. retailer Neiman Marcus said that hackers have breached its data security system and that "potentially" fraudulent purchases were being made.

Neiman Marcus files to return to public life

NEW YORK, June 24 (UPI) -- U.S. luxury department store Neiman Marcus said Monday in a filing that it would return to life as a public corporation.

Watercooler Stories

Woman going to court to keep chicken ... Neiman Marcus targets thrift store's name ... Man agrees to pay broom-hitting fine ... Helicopter used to ask girl to dance ... Watercooler stories from UPI.

Neiman Marcus targets thrift store's name

COLOMBIA, S.C., Sept. 18 (UPI) -- A South Carolina thrift shop supporting a women's shelter said retailer Neiman Marcus is trying to get it to change the store's name.
Report: Monica Conyers has large debts

Report: Monica Conyers has large debts

DETROIT, July 20 (UPI) -- Monica Conyers, the imprisoned wife of Rep. John Conyers, D-Mich., owes thousands of dollars, her husband reported Friday on a disclosure form.

Target aims for high-end collaboration

MINNEAPOLIS, July 11 (UPI) -- Luxury retailer Neiman Marcus and discount retailer Target say they're joining forces for a holiday collection featuring items from top U.S. designers.

Neiman Marcus sued over rejected returns

DALLAS, May 31 (UPI) -- A woman sued posh U.S. retailer Neiman Marcus for refusing to take back gifts she said her ex-husband bought for his lover, her personal shopper at the store.

6 Calif. candidates' records show arrests

SACRAMENTO, May 5 (UPI) -- Six California legislators campaigning for re-election have been arrested in the last two years, records show.

Sign of the times: Knockoffs get humble

LOS ANGELES, Feb. 4 (UPI) -- Be it ever so humble, even knockoffs in California are trading down these days, fashion and retail experts said.

Lawmaker gets probation for shoplifting

SAN FRANCISCO, Jan. 6 (UPI) -- A state lawmaker in California has pleaded no contest to charges of attempting to shoplift $2,500 worth of clothes from the Neiman Marcus in San Francisco.
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Photos
Neiman Marcus
H.R.H., Princess Margaret, of Great Britain arrived at Dallas Love Field in Dallas, Texas, this morning on October 27, 1984, for a round of activities in support of the Neiman-Marcus British Fortnight and the Dallas Public Library. She is greeted by Richard C. Marcus, rear, and David Dworkin, both executives of the Department store. (UPI Photo/Laurie Williams/Files)
Wiki

Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth Avenue, Barneys New York, Nordstrom, and Bloomingdale's. The Neiman Marcus Group also owns Bergdorf Goodman specialty retail department stores on Fifth Avenue in New York City and a direct marketing division, Neiman Marcus Direct, which operates catalogue and online operations under the Horchow, Neiman Marcus and Bergdorf Goodman names.

Herbert Marcus, Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, A. L. Neiman, then employees of Sanger Brothers competitor A. Harris and Co.. In 1907 the trio found themselves with $25,000 from the successful sales-promotion firm they had built in Atlanta, Georgia, and two potential investments into which to invest the funds. Opting to reject the unknown "sugary soda pop business," the three entrepreneurs chose instead to return to Dallas to found a retail business rather than take a chance on the fledgling Coca-Cola company. For this reason, early company CEO Stanley Marcus was quoted in 1957 as saying in jest that Neiman Marcus was "founded on bad business judgment." The store, established on September 10, 1907, was lavishly furnished and stocked with clothing of a quality that was not commonly found in Texas. Within a few weeks, the store's initial inventory, mostly acquired on a buying trip to New York made by Carrie, was completely sold out. Oil-rich Texans, welcoming the opportunity to flaunt their wealth in more sophisticated fashion than was previously possible, flocked to the new store. In spite of a nationwide financial panic set off only a few weeks after its opening, Neiman Marcus was instantly successful, and its first several years of operation were quite profitable.

In 1914 a fire destroyed the Neiman Marcus store and all of its merchandise. A temporary store was set up and opened in 17 days. By the end of 1914, Neiman Marcus opened in its new, permanent location at the corner of Main Street and Ervay Street. With the opening of the flagship Neiman Marcus Building, the store increased its product selection to include accessories, lingerie, and children's clothing, as well as expanding the women's apparel department. In its first year at the new building, Neiman Marcus recorded a profit of $40,000 on sales of $700,000, nearly twice the totals reached in its last year at the original location.

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It uses material from the Wikipedia article "Neiman Marcus."
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