Sluggish - Anonymous employee Neiman Marcus Employee Review

Heavy debt load because of buyouts; large debt payments coming due over next few years. Debt load has led to multiple staff cuts. Limited growth potential. US market saturated with full line NM stores. All attempts to launch new business have failed (CUSP, China venture, Gift Galleries, lost opportunity to build Kate Spade when we owned majority stake, mysterious purchase of My Theresa, small German website with no clear picture of where thi fits in NM's strategy or what benefits it will provide. Senior management skilled at operating what they know; very limited capabilities with respect to critical thinking, strategic thinking, etc.