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Katz, who has spent the past 22 years at Neiman Marcus, is clearly the one to do it. Having worn every hat from merchandise manager to V.P. of handbags and designer accessories to senior V.P. of stores, she took the reins of the company's e-commerce business in 2000, when flat-screen fashion was designers' biggest phobia. She turned it into a half-billion-dollar branch of the business, with every name in the industry on board. And she has presided over the now 39 Neiman Marcus stores for the past five years, a period when unequaled media attention...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

Take a quick look around. This is not your grandmother's Neiman Marcus. In the past five years, denim (of a certain pedigree) has exploded. Younger, edgier lines like Phillip Lim and Twenty8-Twelve, Sienna and Savannah Miller's new line, are cropping up and thriving. "We've had this enormous contemporary business that grew overnight," Stordahl says...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...this core customer that the luxury bar rises and sets at Neiman Marcus. And the bar is higher than ever. A flourishing new Chanel category dubbed "demi-couture" rests between ready-to-wear and couture, with jackets ringing in at upwards of $6,000. Handbags have skyrocketed over the past two years, with the exotic-skin bags of Nancy Gonzalez special standouts. Fur is also flying out of the stores, including a Chado Ralph Rucci chinchilla clearly worth mentioning. And forward fashion, believe it or not, has stepped way up. "Eight years ago, the customer thought of Prada as being...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...offer the customer that is not readily available," says Hall, who before overseeing the selling, marketing, merchandising and planning strategies of all 39 stores, as she does now, worked in everything from sportswear, fine apparel, dresses and handbags to shoes and beauty. "I grew up at Neiman Marcus," says Hall, who was raised in New Jersey, admittedly fashion obsessed. She studied merchandising in New York City and soon became a buyer at Saks Fifth Avenue and Macy's, no doubt looking as chic as she does on this day in her Michon Schur jacket. "I love to dress for work...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...says. One 100-year-old piece, the "Sautoir," a diamond, pearl and platinum necklace created in Belle Epoque Paris by Cartier, has been selected by jewelry collector extraordinaire Lee Siegelson to be sold as one of many special 100th anniversary items (in this case, celebrating the centennial of Neiman Marcus) this fall...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

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