Neiman Marcus 2011 Annual Report Download - page 12
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ITEM 1A. RISK FACTORS
Risks Related to Recent Economic Conditions
Poor economic conditions have adversely affected, and may continue to adversely affect, our business and results of operations.
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Risks Related to Our Structure and NMG’s Indebtedness
Because NMG accounts for substantially all of our operations, we are subject to all risks applicable to NMG.
NMG has a substantial amount of indebtedness, which may adversely affect NMG’s cash flow and its ability to operate the business, comply
with debt covenants and make payments on its indebtedness.