The news comes less than a year after Neiman Marcus’ merger with Saks Fifth Avenue and shortly after the announcement of the closing of their CityPlace offices.

Saks Global says it is closing two U.S. offices as it consolidates its corporate footprint after a merger of several luxury brands.

Back-to-back announcements centered on an iconic Dallas retail brand is sending shockwaves through the region. Neiman Marcus will shutter its flagship downtown Dallas store effective March 31, just months after Saks Global acquired the luxury retailer for $2.65 billion.

Saks Global closed the Dallas corporate headquarters of Neiman Marcus Friday in a cost-saving move. NexPoint, said in an email that it’s “looking to engage

Nearly 120 years since Neiman Marcus was created in Dallas, Texas, where it has been headquartered ever since, operations will run solely out of New York City.

Neiman Marcus announced Tuesday it will close its flagship store in downtown Dallas after more than 100 years. The store will close March 31st after parent company Saks Global was ordered to terminate occupancy.

Neiman Marcus is closing its downtown store after more than 100 years in the core of the city. The storied site on Main Street will shutter effective March 31, according to a statement from Saks Global,