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    Shopping news

    Mississippi sisters debut perky Southern-chic boutique on Dallas' Greenville Avenue

    Kristina Rowe
    May 31, 2023 | 4:01 pm
    Hats and blouses on display at Five 54.

    Twin sisters from Mississippi bring a playful vibe to their boutique, Five 54 on Greenville Avenue.

    Courtesy of Five 54

    When Allison and Anna Williams graduated from University of Mississippi in 2021, they didn't picture themselves owning a boutique on Lower Greenville in Dallas. But the twin sisters are the fourth generation of their family to run a retail store, and they're now having a ball immersing themselves in the fashion business in the big city.

    The Williamses' new women's clothing boutique, Five 54, opened this spring at 1906 Greenville Ave., next to Clark's Barbershop, in the buzziest neighborhood in Dallas. The shop is filled with on-trend styles in perky prints, comfy knits, and breezy fabrics appropriate for hot summers. (As seen on their cute Instagram page.)

    They stock about 40 different contemporary brands, including sundresses, skirts, and tops by Reset by Jane; denim from Hidden; and separates and dresses from Fate and Olivaceous. And they prioritize affordability: most pieces are under $75.

    The shop's name, "Five 54," comes from their grandmother's street address.

    From small-town Mississippi to Big D
    While the Greenville store is the sisters' first Dallas venture, it's actually the second location of Five 54.

    The summer after they graduated college, the Williamses opened their first store in the small Mississippi town where they grew up. With a population of about 3,500 people, Hazelhurst was the perfect testing ground for their concept, they say. The family owned the space they opened in, so they were able to operate rent-free. Renovating the space in Mississippi took a couple of months and cost about $40 for permit applications.

    While neither sister studied fashion retailing - Allison majored in Hospitality Management while Anna's degree is in Integrated Marketing - they both have a love for fashion, and for shopping. Their family's furniture business meant they'd grown up attending Furniture Markets in High Point, North Carolina, so the transition to buying apparel wasn't a difficult one.

    The sisters love their hometown and appreciate the experience they gained with their first boutique, but they both wanted to expand not only their business, but their life experience.

    "We’ve always wanted to venture off from Mississippi," Anna Williams says. "We had college friends and we would always visit (Dallas). We just love the big city and all the people and all the action."

    A weekend trip to Dallas in August 2022 took them on a commercial real estate tour, as well as a tour of the city.

    "We had so much fun," Allison Williams says.

    Things started moving quickly after that. By September, they'd signed the lease for the shop. They enlisted their mom's experience as an interior designer as they mapped out their vision of the store.

    Still getting started
    Renovations started in October, and they soon learned that permits and renovations in Dallas were significantly more stressful than in Mississippi. Renovations in Dallas took more than six months.

    Though the shop has been open for a few months, it still doesn't have a sign - they're waiting on a permit.

    Having a store in Dallas, though, has allowed the sisters to create a different kind of shopping experience, they say.

    "For the most part, we’ve been able to pick up a few brands that are unique to Dallas - more unique pieces that we wouldn’t be able to sell in Mississippi," Allison says.

    The vibe in the store is as fun as their life in Dallas; they love living in the neighborhood and walking to work, they say.

    While they've put down new roots in Dallas, the sisters still travel to Mississippi every six to eight weeks to visit family and check on their Hazelhurst store. A manager handles that location full time now, and Zoom and FaceTime help keep them in touch.

    Dallas is as far as they plan to venture for now, and any future expansion will be focused on e-commerce from the Five 54 website, they say.

    Their Greenville store hours are 11 am-7 pm Monday-Saturday and 11 am-5 pm Sunday.

    openingsgreenville-avenueshopping
    news/fashion
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    Department store news

    Neiman Marcus owner files bankruptcy, leaving Dallas stores' fate unclear

    John Egan
    Jan 14, 2026 | 2:12 pm
    Neiman Marcus
    Neiman Marcus
    The fate of the Neiman Marcus flagship in downtown Dallas is up in the air.

    The fate of stores operated by Saks Global, parent company of the Dallas-based Neiman Marcus luxury retail chain, is up in the air following its bankruptcy filing on January 13 in U.S. Bankruptcy Court in Houston.

    For the time being, all of the roughly 160 stores under the Saks Global umbrella, including Neiman Marcus’ 36 locations, will remain open. Seven of Neiman Marcus’ stores are in Texas, including four in Dallas-Fort Worth.

    The more than $2 billion in debt that Saks Global amassed to acquire Neiman Marcus in 2024 helped push the company into bankruptcy court. According to The Wall Street Journal, Saks Global is the highest-profile department store chain to file for Chapter 11 bankruptcy since the pandemic.

    As part of its Chapter 11 bankruptcy case, announced in a news release January 14, Saks Global has secured about $1.75 billion in financing to keep the company afloat and its stores open. A bankruptcy judge must approve the financing package.

    In announcing the bankruptcy, Saks Global says it’s evaluating its store lineup “to invest resources where it has the greatest long-term potential. This approach reflects an effort to focus the business in areas where [our] luxury retail brands are best positioned for sustainable growth.”

    Chapter 11 bankruptcy allows a business to reorganize its finances and operations. For retailers, the process can include cost-cutting moves such as closing poorly performing stores.

    Effectively immediately, Geoffroy van Raemdonck has taken over the CEO role at Saks Global — following the recent departures of CEO Marc Metrick and his short-time successor, Richard Baker. Van Raemdonck, who relocated in 2023 from Dallas to New York City, was CEO of Neiman Marcus before Saks Global bought it in 2024 for $2.7 billion.

    “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” van Raemdonck says in a press release. “I look forward to serving as CEO and continuing to transform the [company] so that Saks Global continues to play a central role in shaping the future of luxury retail.”

    The most notable DFW location of Neiman Marcus is the chain’s 129,000-square-foot flagship store in downtown Dallas, which the retailer owns.

    Saks Global said last February that it would close the iconic store, which debuted in 1914, on March 31, 2025. But days before the scheduled closure, Saks reversed course and decided to keep the store open — at least temporarily rescuing two of the flagship’s signature features, the upscale Zodiac Room restaurant and the elegant Bridal Salon.

    Here’s a list of Neiman Marcus’ seven locations in Texas:

    • Flagship store in downtown Dallas.
    • NorthPark Center in North Dallas (slated to undergo a $100 million renovation).
    • Shops at Clearfork in Southwest Fort Worth.
    • Shops at Willow Bend in Plano (scheduled to close in January 2027).
    • Galleria in Houston’s Uptown District.
    • Domain Northside in North Austin.
    • Shops at La Cantera in Northwest San Antonio.

    The retailer’s lower-price sister, Neiman Marcus Last Call, closed most of its locations in 2020 and 2021, but five remain open. They include stores at Grapevine Mills in Dallas-Fort Worth and San Marcos Premium Outlets in the Austin metro area.

    In Texas, high-end retailer Saks Fifth Avenue operates one traditional store at The Galleria in Houston and another at North Star Mall in North San Antonio, along with one appointment-only store at Fort Worth’s Bowie House and another at Austin’s Commodore Perry Estate. Across the country, Saks Fifth Avenue operates about 50 traditional and appointment-only stores.

    Saks’ lower-price sister, Saks Off 5th, announced in November that it was shuttering nine locations, including its store at Gateway Shopping Center in Northwest Austin. The closures will bring the brand’s store count to 70.

    luxuryneiman marcussaks globalbankruptcyshopping
    news/fashion
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