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    Hangout Haven

    TOMS founder says his first Texas standalone store won't be his last

    Clifford Pugh
    Feb 27, 2014 | 11:02 am

    Texas native Blake Mycoskie is a man on a mission. The founder of California-based TOMS, the innovative company that shot to success by giving a pair of shoes to a needy child for every pair sold, spent two years scouting for the perfect location for a standalone Austin store. He finally found it.

    The new TOMS store, only the company’s second free-standing outpost (the first is in Venice, California), opens March 11 in a renovated Victorian house “with a lot of history to it” at 1401 S. Congress Ave.

    “We are trying to create a real space for the community,” Mycoskie says. “I don’t like to even call it a store. It’s more of a community space, a cafe, a meeting place for people who are inspired by what we are doing and doing other great things themselves.” Babies and dogs are welcome too, he adds.

    “We are trying to create a real space for the community,” Blake Mycoskie says. “I don’t like to even call it a store.”

    Only half of the 2,400-square-foot property will be devoted to retail; the other half will be for hanging out, with a lot of indoor and outdoor seating and a tree house in the back for private meetings or for customers just looking for some quiet time.

    One for one
    Mycoskie grew up in Arlington, graduated from St. Stephens Episcopal School in Austin and spent two years at SMU before dropping out to start his first business. He founded TOMS in 2006 after a trip to Argentina. He volunteered with a local nonprofit to deliver used shoes to needy children, which inspired the idea to sell an updated version of the alpargata (a shoe made of canvas or cotton, with a sole of rope or rubber material) and donate shoes in a “one for one” business model.

    Since then TOMS has donated more than 10 million shoes around the world. Mycoskie has also expanded the product line with a popular series of brogues and other manly styles, as well as limited edition collections to benefit Ben Affleck’s Eastern Congo Initiative and Charlize Theron’s Africa Outreach Project.

    For spring, the privately held company collaborated with home furnishings designer Jonathan Adler on a collection of colorful unisex styles.

    In 2011, Mycoskie launched TOMS Eyewear; for every pair of glasses sold, people in need receive prescription glasses, sight-saving surgery or medical treatment. The Austin store will feature an array of glasses for sale in addition to shoes.

    Mycoskie’s Texas ties run deep. He decided to take a sabbatical in 2012, so he gave up day-to-day control of the business and moved to Austin. He got married and enjoyed the good life.

    “I spent a lot of time at the lake and playing golf and hanging out with friends and not working so much,” he says. “But I recognized that while all those things are good, they’re good in small doses for me. I need to be actively working in building something.”

    Mycoskie plans to open more standalone stores, including Dallas, Houston and San Antonio, which he says are some of the best markets for TOMS products.

    He and his wife began commuting to Los Angeles last summer and moved there permanently in November, so he could be close to the business, although he says they make regular visits to Austin, and he’s excited to have a place to hang out when the store opens.

    SXSW surprise
    On his next trip to Austin for SXSW Interactive, the 37-year-old entrepreneur plans to reveal TOMS’ latest top-secret endeavor (at exactly 3 pm on March 11). He is tightlipped about the new product, referring a questioner to the company’s Instagram and Twitter pages, where a campaign called #Onedecision is underway.

    “We’re saying that with this new product, we are going to be asking people to change one decision they have made in their life,” he says. “By changing this one decision, which can seem like a simple decision, it can have a big impact on people.

    “It’s a little bit different from what we’ve done in the past. There’s a lot of speculation about what decision we’re asking people to change will be ... [but] I think it has the most impact in the fastest amount of time. And I think a lot more people will participate in this than even our shoes or eyewear.”

    Mycoskie plans to aggressively open more standalone stores across the country, including Dallas, Houston and San Antonio, which he says are some of the best markets for TOMS products. But he won’t do it without finding the right locations, just as he did in Austin.

    “It’s more about having the perfect space. I’m not going to rush it,” he says, adding that he welcomes suggestions for the perfect location for a community-based TOMS store in those cities.

    TOMS founder Blake Mycoskie has deep Texas ties and chose Austin for the company's second standalone shop.

    TOMS Blake Mycoskie profile photo
    Photo courtesy of TOMS
    TOMS founder Blake Mycoskie has deep Texas ties and chose Austin for the company's second standalone shop.
    unspecified
    news/fashion

    Neiman's news

    Neiman Marcus' parent company emerges from bankruptcy with new name

    Associated Press
    Jun 29, 2026 | 9:02 am
    Neiman Marcus
    Neiman Marcus
    Neiman Marcus

    NEW YORK (AP) — Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name.

    The company said Friday, June 26 that the new entity will be called Exemplar Luxury Group, and with an improved balance sheet, including a nearly 75% debt reduction and $500 million in extra financing. Its CEO, Geoffroy van Raemdonck, said the New York-based company is ready for its next chapter after navigating several tumultuous years.

    “Today is really a brand new day for the organization and a new day where these three iconic banners have the right funding, the right equity and a bright future ahead of them,” van Raemdonck told The Associated Press.

    Van Raemdonck said that the new name signifies the company's focus on having an exemplary shopping experience — the best merchandise, and better personalized service with customers, with help from its sales associates and the treasure trove of data it has on its customers. The company employs more than 1,500 sales associates who have sold more than $1 million of goods each, he said.

    Saks Global had filed for bankruptcy protection in January of this year, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, in July 2024.

    Before the bankruptcy, there were 33 Saks stores and 36 Neiman Marcus locations, according to the company, as well as its Bergdorf Goodman store on Fifth Avenue and roughly 70 Saks Off 5th discount stores.

    Now, there are a total of 49 stores — 15 Saks Fifth Avenue stores, 33 Neiman Marcus stores and its Bergdorf Goodman store. The company shuttered most of its Saks Off Fifth discount stores, and it now has 12 outlets, the company said.

    In early June, Saks Global announced that the iconic downtown Dallas location of Neiman Marcus, at 1618 Main St., will close for good. The company said it plans to close the store on September 30, 2026 and focus on its NorthPark Center location in Dallas.

    Saks Global also has sold the Neiman Marcus store at the Willow Bend mall in Plano and will close it in January 2027.

    Exemplar Luxury Group said it has been teaming up with Pentwater Capital Management and Bracebridge Capital throughout its restructuring process. Both firms will have two representatives on the seven-person board. In addition, van Raemdonck as well as former Ulta Beauty CEO Dave Kimbell and Philippe Schaus, who most recently served as Global CEO of Moët Hennessy, will serve on the board, the company said.

    ---

    The story contains material from previously published CultureMap stories.

    luxurybankruptcyneiman marcusshopping
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