拉夫劳伦 Ralph Lauren（RL） 2009年年度报告「NYSE」.pdf

1、AVENUE MONTAIGNE,PARISOur commitment to these three areas of growth remains unwavering.Weve delivered solid returns by assuming more direct control over our business,whether in Europe or Japan,with product lines as diverse as childrenswear and footwear,or in our retail development and e-commerce eff

2、orts.Our cash flows have grown even as weve made significant investments in the business.We have the financial strength to stay the course as we continue toevolve not only our core businesses,but nurture smaller,unique concepts such as RRL and Rugby.Developing our brands internationally allows us to

3、 pursue high-growth,high-margin opportunities and we continue ourunstoppable creative dedication to the quality and innovation of all product categories,especially in the area of luxury accessories.Our Company,more than ever,remains steadfast to the tradition of our American heritage and values.But

4、over the long term,our international expansion efforts offer us the most exciting and transformational growthopportunities.Whether it is introducing our Lauren brand in Europe,our integrated retail and wholesale expansion strategy in France,our repositioning efforts in Japan,new inroads in Eastern E

5、urope,or taking control of the Southeast Asia region at the beginning of calendar 2010,there is so much for us to achieve worldwide.The transition of our Southeast Asian business marks a major stride forward,particularly as it relates to achieving our long-term goal of having approximately one-third

6、 of our revenues come from the Asia-Pacific region.While this goal is almost double the current penetration of the Asia-Pacific region to our total sales mix,the market growth dynamics are very compelling and among the strongest in the world.We believe the potential for our brands in China,given the