Upscale store operator Neiman Marcus Group Inc on Monday announced the promotion of Karen Katz to the role of president and chief executive of Neiman Marcus Stores.

The Texas-based company said Ms Katz had been with the firm for 17 years and she has been promoted her from her previous position of president and chief executive of Neiman Marcus Direct.

She will report to Burton Tansky, president and CEO of The Neiman Marcus Group, and be responsible for merchandising, store operations, marketing and advertising and distribution for Neiman Marcus Stores.

"Karen has been an integral part of our team for many years. Her leadership has been a key factor in the growth and success of Neiman Marcus Direct, as well as, the long term positioning of our direct-to-consumer business," said Mr Tansky.

"I am confident that Karen's broad retail experience and strategic insight will ensure the continued market leadership of Neiman Marcus Stores in luxury retailing."

He added the firm will shortly announce the reassignment of Katz's duties as Neiman Marcus Direct.