The Neiman Marcus flagship store in Dallas will close later this year after more than a century, despite previous efforts to extend the location’s operations.

The store will close on September 30, a spokesperson of the department store chain’s parent company, Saks Global, said in an emailed statement last week, adding that the decision was made after “a thorough evaluation”.

“As we continue to take steps to secure a strong future for Neiman Marcus, our optimized store footprint is aimed at aligning our go-forward presence with customer demand and preferences,” the spokesperson said.  

Neiman Marcus opened its first store at the intersection of Elm Street and North Field Street in downtown Dallas in 1907. The store has long been described as a historic landmark.

Last February, Saks Global announced that the store would close on March 31 the same year, as the landlord had decided to terminate its occupancy after more than a decade of negotiations.  

However, the company later said that the store would remain open after its leadership met with city officials to discuss a new format. Potential concepts would include a luxury retail experience, a curated art exhibition, and a fashion and event center.  

The latest closure decision comes as Saks Global has been progressing through its Chapter 11 bankruptcy protection process. 

In its latest update, the company said it had received court approval for its restructuring plans, paving the way for its emergence in the coming weeks.

Saks has closed roughly 24 full-line luxury stores, including both Saks Fifth Avenue and Neiman Marcus locations, as well as approximately 60 off-price Saks Off 5th stores as part of the restructuring.

The company will emerge with 49 luxury retail locations, including 33 Neiman Marcus stores, 15 Saks Fifth Avenue ​stores, and one Bergdorf Goodman location.  

Under the restructuring deal, senior lenders will take control of Saks Global after providing $1 billion in new funding through the bankruptcy and pledging an additional $500 million ​after the company ​exits Chapter 11.