Tuesday, July 10, 2012

Neiman Marcus to lease distribution center in Pennsylvania for East Coast ops

Retailer Neiman Marcus plans to enter into a 10-year lease for just under 200,000 square feet of distribution space in Jenkins Township, Luzerne County, Penn to support its East Coast operations, according to an announcement.

The company said it would invest over $12 million in leasehold improvements to the project that could create over 150 jobs.
Neiman Marcus received an $895,950 funding offer from the Department of Community and Economic Development, that included a $375,000 Pennsylvania First grant, $67,950 in job training assistance and $453,000 in job creation tax credits, the statement said.

"After a long and thorough study of our future supply chain needs, we are very pleased to be opening a new East Coast Distribution Center in Pittston," said Neiman Marcus Group Executive Vice President, Chief Operating Officer and Chief Financial Officer Jim Skinner.

"The new facility is strategically located to allow us to better serve our customers and stores in the northeast. After successfully operating stores in Pennsylvania for over 15 years, we look forward to expanding our presence in the state," Skinner said.

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