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Stanley Marcus, founder of retailing giant, dies

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DALLAS (AP) — Stanley Marcus, whose name has been synonymous with high-dollar retailing and extravagant gifts for nearly a century, died Tuesday. He was 96.

The chairman emeritus of Neiman Marcus was hospitalized Sunday and died with family members at his side, a spokeswoman for Stanley Marcus Consultancy said.

Marcus long had been hailed as the last bastion of the day of the Merchant Prince. His philosophy was simple: "I do believe the best is discernible to the observant eye."

"His overwhelming desire to surpass the customer's expectations was instrumental to the success of the store," Neiman Marcus said in a statement. "We will miss his friendship and counsel; however, his legacy will endure."