Neiman Marcus may close four of its namesake stores as part of its bankruptcy reorganization, but none in Texas.

The Dallas-based luxury retailer is in the process of closing almost all of its Last Call stores and now could add full-line stores to its permanent store closing list. The stores under consideration are:

A&G Real Estate Partners is marketing the properties, pitching them as good locations for office, residential, hotel and retail uses.

We continue to assess our store footprint to ensure it is optimal to enhance revenues, overall profitability and our omnichannel strategy. This assessment may include marketing of leases for certain locations, said Amber Seikaly, Neiman Marcus spokeswoman.

This is not necessarily an indication that were closing a particular store, but rather a way to monetize the value of the leases at these properties, she said. Funds generated would be used to make investments that drive profitable and sustainable growth.

If the leases arent sold, Seikaly said, those stores continue to be part of our footprint assessment.

Retailers can reject leases in bankruptcy without penalties in Chapter 11 bankruptcy filings. While the companys main reason for seeking court protection was its $5 billion in debt from two leveraged buyouts in less than 10 years, Neiman Marcus was also expected to close some of its namesake stores.

The company was rumored to be closing its Hudson Yards store in Manhattan, which is its newest, but the retailer hasnt made an announcement yet, instead saying that its assessing all of its real estate.

These are long-term leases, with remaining terms ranging from 2026 for Palm Beach to 2040 for Bellevue and options to extend contracts out even further. The lease on Walnut Creek has the option to extend into the next century 2112.

Twitter: @MariaHalkias

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Neiman Marcus is marketing store leases as part of its bankruptcy reorganization - The Dallas Morning News