Neiman Marcus Executive Summary Jennifer Robinson Walden University SUBJECT: Evaluation of Risks Identified by the company in its most recent SEC 10-Kfiling Company: Neiman Marcus Group LTD LLC...

NEIMAN MARCUS
Neiman Marcus Executive Summary
Jennifer Robinson
Walden University
SUBJECT:     Evaluation of Risks Identified by the company in its most recent SEC 10-Kfiling
Company:     Neiman Marcus Group LTD LLC (Commission file no. 333-133184-12)
Source:    Form 10-K for the fiscal year ended August 1, 2015
https://www.sec.gov/Archives/edgar/data/1358651/000135865115000014/a2015080110-k.htm
NEIMAN MARCUS
Neiman Marcus is a company engaged in the business of Omni-Channel luxury fashion retailing business having approximately $5.1 billion in revenues for fiscal year 2015, of which approximately 26% were transacted online. Neiman Marcus, Bergdorf Goodman and MyTheresa brands are three brands under one roof of leadership catering different segment of customers from affluent luxury, most discerning luxury and younger fashion-forward luxury customers.
Company offers a distinctive selection of women’s and men’s apparel, handbags, shoes, cosmetics and precious and designer jewellery from premier luxury and fashion designers to their loyal and affluent customers “anytime, anywhere, any device.” They have a longstanding heritage of providing the highest level of personalized, concierge-style service to their customers through our experienced team of sales associates.
They have a good customer service and marketing platform consisting and offering lot of facilities, services and offers to their loyal and new customers. They do marketing programmes and utilise social media platform to connect with customers. They also have In-Circle loyalty program, Proprietary Credit Card Program, Sales Team and associates, Customer-Friendly Online Platforms and others.
They carry a broad selection of narrowly distributed, highly differentiated and distinctive luxury merchandise carefully curated by their highly skilled merchandising groups. Their merchandise portfolio consist Women’s Apparel, Women’s Shoes, Handbags and Accessories, Men’s Apparel and Shoes, Cosmetics and Fragrances, Designer and Precious Jewellery, Home Furnishings and Decor and Others. All the merchandise are manufactured and delivered from numerous locations including Europe and the United States and, to a lesser extent, China, Mexico and South America.
NEIMAN MARCUS
Certain risk factors are there related to this business and industry like Economic conditions which may negatively impact consumer spending and demand for their merchandise
-    General economic and industry conditions, including inflation, deflation, changes related to interest rates, rates of economic growth, current and expected unemployment levels and government fiscal and monetary policies;
- The performance of the financial, equity and credit markets;
-    Consumer disposable income levels, consumer confidence levels, the availability, cost and level of consumer debt and consumer behaviours towards incurring and paying debt;
-    Changes in prices for commodities and energy, including fuel; and
-    Current and expected tax rates and policies
The recurrence of adverse economic conditions could have an adverse effect on their business, financial condition and results of operations. If they fail to anticipate, identify and respond effectively to changing consumer demands, fashion trends and consumer shopping preferences, their business, financial condition and results of operations may be adversely affected.
Their success depends in large part on their ability to identify fashion trends and consumer shopping preferences, and to anticipate,...