GAP集团Gap Inc. (GPS) 2011年年度报告「NYSE」.pdf

1、2011 Annual ReportSharing american Style around the world.Dear Shareholders,Im proud to present my fifth Annual Report for Gap Inc.Looking back over the past five years,amid many changing market dynamics,what stands out to me is our firm com-mitment to the strategy that we began to seed in 2007 and

2、that has been evolving ever since.In my first annual report,I wrote that“Our long-term strategy is anchored on maximizing the earnings potential of our brands and taking advantage of the many opportunities through our Outlet,inter-national and online businesses.”Im pleased that we made further progr

3、ess against our strategy last year.While doing so,we had to fine tune the performance of our domestic business,as we managed through some unique macro events.Although we were disappointed by our overall financial results,including an earnings decline for the first time since 2006,all of us at Gap In

4、c.remain stead-fast in our commitment to increasing shareholder value.What you will see in this annual report is the further realization of our vision:Sharing American Style Around the World.2011 gap inc.annual reportcontinuedToTAl numbeR of sToRes3,263“Our distinctively American aesthetic has reson

5、ated very well,everywhere from Milan to Shanghai to Sydney.”stephen sunnucksPresident,internationalGrowthChile“We win when we deliver the right balance of occasions,style,design and quality that our customer expects.”Julie RosenSVP,merchandising,Banana republic2011 gap inc.annual reportAt Gap Inc.,w

6、e own brands,not just stores.We compete against other global retailers in our home market and around the world,with the intention of standing out to consumers by offering a clear and consistent interpretation of American style across our distinct brands.Over the last year,a consider-able amount of w