Ch.15 HW Assignment - GUCCI 1. industry.In2003, ,

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GUCCI 1. Gucci is one of the most profitable brands in the luxury goods industry. In 2003, Gucci strengthened its positions in leather goods and shoes and successfully developed its lines of watches and ready-to-wear. Gucci dates back to the year 1923, when Guccio Gucci established a small leather goods and saddlery  business in Florence. The company subsequently specialized in the sale of exceptional leather goods products, becoming in just a few years a brand  appreciated by a refined international clientele. 2. As I found in their data they quoted that,  “Inventory for hot new products could turn  multiple times per month so we needed a very efficient and flexible picking system.”  and from their data , it shows that they don’t have much inventory maintained in the  warehouse because they will have a sale to clear their stock quarterly.      Their ability to earned income is so high because their company gained the gross  profit 1,742.2, 1,791.7, 1,709.5, 789.1 and 693.0 (in millions) in year 2002, 2001, 2000, 
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This note was uploaded on 02/10/2011 for the course ACCOUNTING 202 taught by Professor William during the Winter '08 term at Edmonds Community College.

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Ch.15 HW Assignment - GUCCI 1. industry.In2003, ,

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