Karen Katz is President and Chief Executive Officer, Neiman Marcus Group, LTD LLC. Neiman Marcus Group is the premier omni-channel retailer of luxury and fashion merchandise in the United States. Founded in 1907 in Dallas, Texas, the company has always been known for its commitment to merchandising excellence and customer service.
Ms. Katz oversees the strategic direction, operations, and expansion of Neiman Marcus Group, renowned for its specialty retail stores, including 42 Neiman Marcus stores, Bergdorf-Goodman in New York, the Last Call Off-Price division and CUSP; as well as Neiman Marcus Online, the Company’s online and direct-to-consumer business. In 2014, NMG acquired Munich-based luxury and fashion e-Commerce retailer, MyTheresa.com. With sales of approximately $5 billion, NMG employs over 15,000 associates in stores, divisions and facilities nationwide. Under Ms. Katz, the company has embarked on strategies centered around the customer experience, the store of the future, and technology with a focus on mobile e-commerce and marketing. Ms. Katz’ strategic vision for the company also includes the international expansion of its brands and the company now ships worldwide from its neimanmarcus.com website.
During her over 30-year career with NMG, Ms. Katz has held myriad management and leadership positions in the Company’s Stores’ and Merchandising organization. From 2000-2002, she led Neiman Marcus Direct, and is credited with establishing the Company as the leading e-commerce destination for luxury and designer merchandise. She returned to Neiman Marcus Stores in 2002 as President and CEO where she directed unprecedented sales growth and the opening of over a dozen full-line stores. She became President and CEO, Neiman Marcus Group in October 2010.