Want to know if luxury retailer Neiman Marcus is coming to your city? Chances are if you don’t have at least 50 residents with over $30 million in assets, the answer is no.
That’s what Wealth-X, a wealth intelligence firm, discovered when it mapped the distribution of ultra high net worth individuals in the U.S. (defined as those with assets of $30 million or more) against locations of Neiman Marcus stores (not including ‘Last Call’ outlet locations).
The Dallas, Texas-headquartered company currently has stores in 19 states. The densest amount of retail locations are in California, Florida, and New York, which together have more than 75% of Americans with over $30 million in assets.
“The emerging strategy for most retailers trying to capture the growing affluent market will be to use digital to drive retail traffic,” said Wealth-X President David S. Friedman. “For this segment, the physical retail experience will be critical for capturing the growth in the affluent market.”
The map below shows where you can find Neiman Marcus stores in or near cities with high numbers of ultra wealthy individuals.
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