Neiman Marcus 2002 Annual Report Download - page 10
Download and view the complete annual report
Please find page 10 of the 2002 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
 |
 |
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
FACTORS THAT MAY AFFECT FUTURE RESULTS
Matters discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations include forward-
looking statements, including statements regarding the Company's objectives and expectations concerning, among other things, its:
• productivity and profitability;
• merchandising and marketing strategies;
• inventory performance;
• store renovation and expansion plans;
• capital expenditures;
• liquidity; and
• development of its management information systems.
These forward-looking statements are made based on management's expectations and beliefs concerning future events, as well as on
assumptions made by and data currently available to management. These forward-looking statements involve a number of risks and
uncertainties and, therefore, are not guarantees of future performance. A variety of factors could cause the Company's actual results to
differ materially from the anticipated or expected results expressed in these forward-looking statements. Factors that could affect
future performance include, but are not limited, to:
• current political and economic conditions;
• changes in political and economic conditions that may occur in the future;
• terrorist activities in the United States, as well as the potential escalation in the international war on terrorism;
• political, social, economic or other events resulting in the short or long-term disruption in business at the Company's stores,
distribution centers or offices;
• changes in consumer confidence resulting in a reduction of discretionary spending on goods that are, or are perceived to be,
"luxuries";
• changes in demographic or retail environments;
• changes in consumer preferences or fashion trends;
• competitive responses to the Company's marketing, merchandising and promotional efforts and/or inventory liquidations by
vendors or other retailers;
• changes in the Company's relationships with its key customers;
• delays in receipt of merchandise ordered by the Company due to work stoppages and/or other causes of delay in connection with
either the manufacture or shipment of such merchandise;
• seasonality of the retail business;
• adverse weather conditions, particularly during peak selling seasons;
• delays in anticipated store openings;
• natural disasters;