Headlines

Richard Marcus, Former CEO of Neiman Marcus, Dies at 84

He was the last founding family member to run the retailer

Published

1 year ago

February 8, 2023

VMSD Staff

Richard Marcus, Chairman and CEO of luxury retailer Neiman Marcus (Dallas) from 1979 to 1988, has died at age 84, The Dallas Morning News reports.

As the last founding family member to run the retailer, Marcus oversaw the company’s major expansion outside Texas.

Marcus was one of three family members to serve as the retailer’s CEO, succeeding his father, Stanley Marcus. The luxury business was founded in 1907 by Stanley Marcus’ father, Herbert Marcus Sr., and Carrie Marcus Neiman and her husband, A.L. Neiman.

“[Richard Marcus] was a people person and a great leader who was always growing our executive talent and ran the company during our largest expansion years,” former Neiman Marcus executive Billy Payton told the newspaper. “I spent a lot of years watching Richard, and being Stanley’s son was a great asset, but it was also his biggest challenge.”

Marcus died Saturday at his home in Austin, Texas, from complications associated with Alzheimer’s disease and Lewy body dementia, according to the outlet.

Read more at The Dallas Morning News.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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