The decision to close the Neiman Marcus flagship store comes as its owner Saks Global announced in February it was notified from a landlord to terminate its occupancy.

The decision to permanently close Neiman Marcus' flagship location in Downtown Dallas is final, the department store's corporate parent said Tuesday. The historic retailer is slated to close on March 31.

The city of Dallas cleared up the supposed ground-lease dispute the parent company tried to use as an excuse to close the store.