Neiman Marcus’ Hudson Yards Exit Is a Failure for the Entire Development
Luxury retailer's departure leaves a gaping hole inside new Manhattan mall
Neiman Marcus' Hudson Yards store is closing about 16 months after the luxury mall opened.
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Key insights:
- Neiman Marcus' closure is an even bigger blow for Hudson Yards, which will reopen without its star attraction.
- Covid-19 certainly accelerated Neiman Marcus' troubles, but the closure was likely inevitable.
The early 2019 opening of Hudson Yards, the years-in-the-making development on Manhattan’s far west side, was supposed to revitalize a rare forgotten area of the city. At the center of that effort was a shopping center filled with luxury retailers—and Neiman Marcus’ first New York City store was the heart of it.
