Whose Louis Handbags
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Posted On :
May-14-2011
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Article Word Count :
445
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Let me just reaffirm the importance of actually sticking to your strategy because the strategy that you build around brands is the strategy for the longer term.
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Robert Polet Polet says Gucci will not be making any broad sweeping tactical changes to tackle the crisis head on, preferring instead to go with a less reactive approach, he says it may be necessary to make some adjustments because it still makes good business sense to monitor the situation.
"Let me just reaffirm the importance of actually sticking to your strategy because the strategy that you build around brands is the strategy for the longer term. You manage brands for a long life or longevity, so you don't sort of whisk them around every quarter or every year or every two years," Polet said: "And that is come hell or high water I would say. But you know what, times change and there are things that you need to adapt to and in the short term - change your tactics."
For example, he says, if a company's growth is cut by half, it is technically still growing, though profits are significantly reduced. "So you will adjust if you're wise, your capital expenditures and the way that you manage your business, (yet) always staying true to the essence of the brand and to the long-term strategy."
Polet's approach seems to have worked. When he joined Gucci in 2004, he had Gucci catalogue ambitious plans to double the company's revenues in seven years, as well as to increase gross margins to 70 per cent. He says he has delivered on both counts, which he is why he chooses to remain optimistic at such a time.
"Now having done that, it gives us of course a much better position because the profitability has almost tripled in absolute terms in the last four years. It gives you a fantastic starting point to be able to brace yourself for headwinds."
New York City's most famous shopping street in New York City Fifth Avenue, in particular the 57th Street retail district, giving a feeling respected, where people can see the wave Astoria - Goodman and Tiffany. However, such a respected and brought the feeling is accompanied by high rents: wave Astoria - Goodman and Tiffany both located in the world of luxury retailers to rent the most expensive business district.
The shortage of available free space, and the demand is very strong, therefore, even in other parts of the commercial and residential real estate market are close to the time of the collapse, these and other luxury retail district is the rent per square foot Still high.
Gucci handbags, Coach handbags, Chanel handbags, Louis handbags, which you like best. No matter you like Chanel bag or Louis bag, whatever.
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Article Source :
http://www.articleseen.com/Article_Whose Louis Handbags_62161.aspx
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Author Resource :
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Keywords :
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Category :
Business
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Business
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