Paul Charron
Paul Charron
environment sitting
Sitting still in this environment was not an option,
apparel associated continued costs environment given growth highly industry leadership performance position retail rewarding strengthen
Our 1998 performance is particularly rewarding given the highly competitive retail environment and the incremental costs associated with our transformation initiatives, ... These initiatives strengthen Liz Claiborne's leadership position in the apparel industry and position us for continued growth into the millennium.
align brand business changing closely consumer costs customer environment face manage market operations portfolio rapidly steps taking
In the face of a challenging market environment ... we're taking significant steps to take costs out of the business and streamline our operations to more efficiently manage our brand portfolio and more closely align our business with rapidly changing customer and consumer needs.
assets changes closer customers decision difficult eliminate flexible increase optimize
While it is always a difficult decision to eliminate staff, this is the right thing to do for the business. In an increasingly competitive marketplace, these changes will make us a nimbler, more flexible organization that is closer to our customers and better positioned to optimize our assets and increase profitability and shareholder value.