If NMG doesn't do well this holiday season, they'll trim more people. They may be more lay-offs. It only makes sense to do this since they want so desperately to make their EBITDA look nicer for an IPO. Employees are dead weight on the expense/bottom line. Management will get hit the worse. Sales people will sustain since they are on commission. Will NMG do well this holiday season - that's hard to tell. But don't forget to look at the latest poor performance of the Chinese stock exchange where many wealthy Chinese have lost a lot of money. These are the types of people who acquire luxury goods overseas. Just Google to read more about the Chinese stock performance, loss of money for many wealthy Chinese and the effect on global luxury goods.
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the company hides its sales at all stores and seperates the internet which are often store sales..its in shambles under Karen Katz for certain who had no clear knowledge of how to run the company
True, more cuts will come if the numbers improve. My store is down 2.5% YOY