Neiman Marcus is making moves to offset its debt and improve its capital structure.

The luxury department store’s first step was to eliminate 225 positions. Affected employees — which span all brands and operating divisions — will receive severance packages, and also be considered for other job openings within the company, according to the Dallas News.

According to the report, a company statement said the retailer is “also assessing our Last Call outlet portfolio to ensure [we are] optimizing the store footprint and ensure we have the right mix of brick-and-mortar and online stores to meet our customers’ evolving demands.” Last Call stores, which average about 25,000 sq. ft., are located in…