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Wiki Wiki Summary
Arithmetic Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
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Customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information.CRM systems compile data from a range of different communication channels, including a company's website, telephone, email, live chat, marketing materials and more recently, social media. They allow businesses to learn more about their target audiences and how to best cater for their needs, thus retaining customers and driving sales growth.
Significant figures Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures.
Significant other The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
Significant Mother Significant Mother is an American television sitcom created by Erin Cardillo and Richard Keith. Starring Josh Zuckerman, Nathaniel Buzolic and Krista Allen, it premiered on The CW network on August 3 and ended its run on October 5, 2015.
Passeig de Lluís Companys, Barcelona Passeig de Lluís Companys (Catalan pronunciation: [pəˈsɛdʒ də ʎuˈis kumˈpaɲs]) is a promenade in the Ciutat Vella and Eixample districts of Barcelona, Catalonia, Spain, and can be seen as an extension of Passeig de Sant Joan. It was named after President Lluís Companys, who was executed in 1940.
Estadi Olímpic Lluís Companys Estadi Olímpic Lluís Companys (Catalan pronunciation: [əsˈtaði uˈlimpiɡ ʎuˈis kumˈpaɲs], formerly known as the Estadi Olímpic de Montjuïc and Estadio de Montjuic) is a stadium in Barcelona, Catalonia, Spain. Originally built in 1927 for the 1929 International Exposition in the city (and Barcelona's bid for the 1936 Summer Olympics, which were awarded to Berlin), it was renovated in 1989 to be the main stadium for the 1992 Summer Olympics and 1992 Summer Paralympics.
Companys, procés a Catalunya Companys, procés a Catalunya (Spanish: Companys, proceso a Cataluña) is a 1979 Spanish Catalan drama film directed by Josep Maria Forn, based on the last months of the life of the President of Catalonia, Lluís Companys, in which he shows his detention by the Nazis and his subsequent execution by the Spanish Francoists. It competed in the Un Certain Regard section at the 1979 Cannes Film Festival.
Conxita Julià Conxita Julià i Farrés (Catalan pronunciation: [kuɲˈʃitə ʒuliˈa j fəˈres]; 11 June 1920 – 9 January 2019), also known as Conxita de Carrasco, was a Catalan woman noted for her dealings with Lluís Companys, President of Catalonia, in the 1930s, and for her poetry. Julià died in January 2019 at the age of 98.
Manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy.
Original equipment manufacturer An original equipment manufacturer (OEM) is generally perceived as a company that produces parts and equipment that may be marketed by another manufacturer.\nHowever, the term is also used in several other ways, which causes ambiguity.
List of loudspeaker manufacturers This is a list of notable manufacturers of loudspeakers. In regard to notability, this is not intended to be an all-inclusive list; it is a list of manufacturers especially noted for their loudspeakers and which have articles on Wikipedia.
Automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia).
List of automobile manufacturers of Japan This is a list of current and defunct automobile manufacturers of Japan.\n\n\n== Major current manufacturers ==\nHonda (1946–present)\nAcura (1986–present)\nHonda Verno (former dealer network)\nHonda Clio (former dealer network)\nIsuzu (1853–present; spun off from IHI in 1916)\nMazda (1920–present)\nAutorama (former dealer network)\nAutozam (former dealer network)\nEfini (former dealer network)\nEunos (former dealer network)\nXedos (former dealer network)\nMitsubishi (1873–1950; 1964–present)\nNissan (formerly Datsun) (1933–present)\nDatsun (formerly Kaishinsha Motorcar Works) (1925–1986; 2013–2022)\nKaishinsha Motorcar Works (1911–1925)\nInfiniti (1989–present)\nNissan Blue Stage (dealer network)\nNissan Red Stage (dealer network)\nNissan Cherry (dealer network, c.1970–2009)\nNissan Motor (dealer network, c.1968–2009)\nNissan Prince (dealer network, c.1968–2009)\nNissan Sunny/Satio (dealer network, c.
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Risk Factors
CARTERS INC ITEM 1A RISK FACTORS You should carefully consider each of the following risk factors as well as the other information contained in this Annual Report and other filings with the Securities and Exchange Commission in evaluating our business
The risks and uncertainties described below are not the only we face
Additional risks and uncertainties not presently known to us or that we currently consider immaterial may also impair our business operations
Risks Relating to Our Business The loss of one or more of our key customers could result in a material loss of revenues
In fiscal 2005, we derived approximately 43dtta0prca of our consolidated net sales from our top eight customers, including mass channel customers
Kohl’s and Wal-Mart each accounted for approximately 10prca of our consolidated net sales
We expect that these customers will continue to represent a significant portion of our sales in the future
However, we do not enter into long-term sales contracts with our key customers, relying instead on long-standing relationships with these customers and on our position in the marketplace
As a result, we face the risk that one or more of our key customers may significantly decrease its or their business with us or terminate its or their relationships with us
Any such decrease or termination or a decrease in our key customers’ business could result in a material decrease in our revenue and operating income
The acceptance of our product in the marketplace is affected by consumers’ tastes and preferences, along with fashion trends
We believe that continued success depends on our ability to provide a unique and compelling value proposition for our consumers in the Company’s distribution channels
There can be no assurance that the demand for our products will not decline, or that we will be able to successfully evaluate and adapt our product to be aware of consumers’ tastes and preferences and fashion trends
If consumers’ tastes and preferences are not aligned with our product offerings, promotional pricing may be required to move 8 ______________________________________________________________________ seasonal merchandise
Increased use of promotional pricing would have a material adverse affect on our sales, gross margin, and results of operations
The value of our brand, and our sales, could be diminished if we are associated with negative publicity
While our employees, agents, and third-party compliance auditors periodically visit and monitor the operations of our vendors, independent manufacturers, and licensees, we do not control these vendors, independent manufacturers, licensees, or their labor practices
A violation of our vendor policies, licensee agreements, labor laws, or other laws by these vendors, independent manufacturers, or licensees could interrupt or otherwise disrupt our sourcing or damage our brand image
As a result, negative publicity regarding our company, brands, or products, including licensed products, could adversely affect our reputation and sales
The Company’s royalty income is greatly impacted by the Company’s brand reputation
The Company’s brand image as a consumer product with outstanding quality and name recognition makes it valuable as a royalty source
The Company is able to license complementary products and obtain royalty income from use of its Carter’s, Child of Mine, Just One Year, OshKosh, OshKosh B’Gosh, Genuine Kids from OshKosh, and related trademarks
The Company is able to obtain substantial amounts of foreign royalty income as our OshKosh B’Gosh label carries an international reputation for quality and American style
While the Company takes significant steps to ensure the reputation of its brand is maintained through its license agreements, there can be no guarantee the Company’s brand image will not be negatively impacted through its association with products outside of the Company’s core apparel products
There are deflationary pressures on the selling price of apparel products
In part due to the actions of discount retailers, and in part due to the worldwide supply of low cost garment sourcing, the average selling price of children’s apparel continues to decrease
To the extent these deflationary pressures are offset by reductions in manufacturing costs, there is a modest affect on the gross margin percentage
However, the inability to leverage certain fixed costs of the Company’s design, sourcing, distribution, and support costs over its gross sales base could have an adverse impact on the Company’s operating income
Our business is sensitive to overall levels of consumer spending, particularly in the apparel segment
The Company believes that spending on children’s apparel is somewhat discretionary
While certain apparel purchases are less discretionary due to size changes as children grow, the amount of clothing consumers desire to purchase, specifically name brand apparel products, is impacted by the overall level of consumer spending
Overall economic conditions that affect discretionary consumer spending include employment levels, business conditions, tax rates, interest rates, and overall levels of consumer indebtedness
Reductions in the level of discretionary spending or shifts in consumer spending to other products may have a material adverse affect on the Company’s sales and results of operations
9 ______________________________________________________________________ We source substantially all of our products through foreign production arrangements
Our dependence on foreign supply sources could result in disruptions to our operations in the event of political instability, international events, or new foreign regulations and such disruptions may increase our cost of goods sold and decrease gross profit
We source substantially all of our products through a network of various vendors in the Far East, coordinated by our Far East agents
The following could disrupt our foreign supply chain, increase our cost of goods sold, decrease our gross profit, or impact our ability to get products to our customers: · political instability or other international events resulting in the disruption of trade in foreign countries from which we source our products; · the imposition of new regulations relating to imports, duties, taxes, and other charges on imports; · the occurrence of an epidemic, the spread of which may impact our ability to obtain products on a timely basis; · changes in US Customs procedures concerning the importation of apparel products; · unforeseen delays in customs clearance of any goods; · disruption in the global transportation network such as a port strike, world trade restrictions or war
These and other events beyond our control could interrupt our supply chain and delay receipt of our products into the United States
We operate in a highly-competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, resulting in a loss of market share and, as a result, a decrease in revenues and gross profit
The baby and young children’s apparel market is highly competitive
Both branded and private label manufacturers compete in the baby and young children’s apparel market
Our primary competitors in our wholesale and mass channel businesses include Disney, Gerber, and private label product offerings
Our primary competitors in the retail store channel include Old Navy, The Gap, The Children’s Place, Gymboree, and Disney
Because of the fragmented nature of the industry, we also compete with many other manufacturers and retailers
Some of our competitors have greater financial resources and larger customer bases than we have and are less financially leveraged than we are
As a result, these competitors may be able to: · adapt to changes in customer requirements more quickly; · take advantage of acquisition and other opportunities more readily; · devote greater resources to the marketing and sale of their products; and · adopt more aggressive pricing policies than we can
The Company’s retail success and future growth is dependent upon identifying locations and negotiating appropriate lease terms for retail stores
The Company’s retail stores are located in leased retail locations across the country
Successful operation of a retail store depends, in part, on the overall ability of the retail location to attract a consumer base sufficient to make store sales volume profitable
If the Company is unable to identify new retail locations with anticipated consumer traffic sufficient to support a profitable sales level, retail growth may consequently be limited
Further, if existing outlet centers do not maintain a sufficient customer base that provides a reasonable sales volume, there could be a material adverse impact on the Company’s sales, gross margin, and results of operations
10 ______________________________________________________________________ Our substantial leverage could adversely affect our financial condition
On December 31, 2005, we had total debt of approximately dlra430dtta0 million
Our substantial indebtedness could have negative consequences
For example, it could: · increase our vulnerability to interest rate risk; · limit our ability to obtain additional financing to fund future working capital, capital expenditures, and other general corporate requirements, or to carry out other aspects of our business plan; · require us to dedicate a substantial portion of our cash flow from operations to pay principal of, and interest on, our indebtedness, thereby reducing the availability of that cash flow to fund working capital, capital expenditures, or other general corporate purposes, or to carry out other aspects of our business plan; · limit our flexibility in planning for, or reacting to, changes in our business and the industry; and · place us at a competitive disadvantage compared to our competitors that have less debt
In addition, our senior credit facility contains financial and other restrictive covenants that may limit our ability to engage in activities that may be in our long-term best interests such as selling assets, strategic acquisitions, paying dividends, and borrowing additional funds
Our failure to comply with those covenants could result in an event of default which, if not cured or waived, could result in the acceleration of all of our debt which could leave us unable to meet some or all of our obligations
We may fail to realize the cost savings and other benefits that we expect from synergies and other cost reduction initiatives
Since the due diligence phase of the Acquisition we have been developing specific plans and timelines for integrating the OshKosh business
We may encounter difficulties during the integration process
If we do not achieve our integration plans and the benefits and synergies we had anticipated, this could have an adverse effect on our operating results
The Company’s success is dependent upon retaining key individuals within the organization to execute the Company’s strategic plan
The Company’s ability to attract and retain qualified executive management, marketing, merchandising, design, sourcing, operations, and support function staffing is key to the Company’s success
If the Company were unable to attract and retain qualified individuals in these areas, an adverse impact on the Company’s growth and results of operations may result