Department of Agriculture and the Food and Drug Administration, share most of the responsibility of food safety inspection. The rules that determine which agency is responsible for which food can be complex, and sometimes the division of labor defies categorization altogether. Take eggs, for example.
Financial Performance Ralph Lauren Corp. RLC has enjoyed healthy revenue and profit growth over the past few years as it's continued to expand its retail business and international reach. Strategy Ralph Lauren reiterated its long-term strategy inpledging to expand into more international markets especially in Europe and Asia ; extend its retail business reach by opening more direct-to-customer stores and e-commerce; expand its accessories and other product and brand offerings; and invest more in its operational infrastructure to support a global reach.
With its eye on cutting operational costs and realigning its business with its long-term growth strategy, the company in May began reorganizing its channel and regional structure to a more streamlined, integrated global brand-based structure.
Introducing its innovative new product lines in high profile events, Ralph Lauren has also been an official outfitter of the US Olympic and Paralympic teams, as well as the US Open events in recent years, counting on its associations to translate into millions of dollars in sales of event-branded apparel and accessories.
Infor example, the company unveiled its high-performance Polo Tech shirts on the opening day of the US Open, which featured sensors knitted in the product to read biological and physiological information.
The company also dresses the on-court officials at the US Open and Wimbledon tennis tournaments. Lauren will continue his involvement with his namesake firm as the chairman and chief creative officer.
Ralph Lauren began buying out its licensees several years ago. Inthe company acquired its South Korean wholesale and retail distribution operation from licensee Doosan Corp.
Ralph Lauren also acquired the children's wear and golf apparel inventory of former licensee, Naigai Co.
To support other high-growth business opportunities and initiatives, Ralph Lauren in began to wind down its Rugby brand retail operations.
As part of the closure plan, 13 of the company's 14 global freestanding Rugby stores and its related domestic e-commerce site, Rugby.Four Elements of the Marketing Mix - What does the phrase marketing mix mean.
What is the purpose of the marketing mix. The marketing mix is a process most organizations use . See also Reports & Letters From the Field.
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Index Letter to Shareholders 9 1. Management report 13 2. Report on corporate governance and ownership structure 3. Consolidated financial statement