What: Neiman Marcus is establishing regional "corporate hubs" but will still maintain a significant corporate presence in Dallas.

Why is it important: The majority of the NMG corporate workers will remain in Dallas, though hubs are being established in New York City, as well as in Bangalore, India, where NGM has its shared services functions, and elsewhere.

In Dallas, NMG is expected to receive USD5 million in incentives to open a corporate hub in Tower at Cityplace on North Central Expressway just north of downtown.

However, the luxury retailer will maintain its three levels of office space at the downtown Dallas Neiman Marcus store.

NMG’s leadership team meets physically at a different store around the country every month. For example, the team met last week in Florida, at the Bal Harbour store, as well as at the Coral Gables unit.

Neiman Marcus decentralizes