Neiman Marcus 2005 Annual Report Download - page 21
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infringing products. This might have an adverse affect on our sales and cause us to incur significant litigation costs and expenses.
Failure to successfully maintain and update information technology systems and enhance existing systems may adversely affect
our business.
To keep pace with changing technology, we must continuously provide for the design and implementation of new information
technology systems as well as enhancements of our existing systems. Any failure to adequately maintain and update the information
technology systems supporting our online operations, sales operations or inventory control could prevent our customers from purchasing
merchandise on our websites or prevent us from processing and delivering merchandise, which could adversely affect our business.
Delays in receipt of merchandise in connection with either the manufacturing or shipment of such merchandise can affect our
performance.
Substantially all of our merchandise is delivered to us by our vendors as finished goods and is manufactured in numerous
locations, including Europe and the United States and, to a lesser extent, China, Mexico and South America. Our vendors rely on third
party carriers to deliver merchandise to our distribution facilities. In addition, our success depends on our ability efficiently to source and
distribute merchandise to our Specialty Retail stores and Direct Marketing customers. Events such as U.S. or foreign labor strikes, natural
disasters, work stoppages or boycotts affecting the manufacturing or transportation sectors could increase the cost or reduce the supply of
merchandise available to us and could adversely affect our results of operations.
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