Pros
It is a great place to learn. Having worked with many specialty retailers in the US and the best in Europe I have to say it is a well run organization with top people in management. No company I have seen has a stronger, harder working group of management throughout the organization. That said it is tough and can even be brutal. Fashion and retail are known for this but this place is rougher than most. You will not find a better place to learn how it is done well.
Cons
It is a tough, dog eat dog environment. Long-term lower and middle management has sabotaged more than one member of senior management in the divisions. A bit of a sycophancy atmosphere at the top. There is no sentimentality and little loyalty by the company to management, but you will be rapidly rewarded if you excel and rejected if you fail. For most high performers it will be a good two or three stressful years and if you can take it you will be the better for it.