The Neiman Marcus Group Inc on Tuesday announced the retirement of Gerald Sampson, president and COO of Neiman Marcus Stores.

The Texas-based retail giant said Mr Sampson will retire at the end of the year and added it will announce the reassignment of his duties prior to his departure.

Group president and CEO Burton Tansky said: "Gerry has been an integral part of the growth and success that Neiman Marcus Stores has experienced during the nearly 10 years that he has served as its President and COO."