Neiman Marcus Stores chief Karen Katz (pictured in photo by Jeanne Prejean) is replacing Burton Tansky as CEO at Dallas-based Neiman Marcus Inc. Tansky, who’s retiring as CEO, was said to be “walking a tightrope” since the recession slammed luxury purveyors like Neiman’s. Revenue at Neiman Marcus Inc. plunged from $4.6 billion in fiscal 2008 to $3.6 billion in ’09. The changing of the guard at the upscale retailer is scheduled to happen in October. Tansky, who’d been CEO of the Neiman’s parent company since 2001, signed a new contract in 2007 extending his tenure through October. He’ll stay on as non-executive chairman.
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