Growing Globally To Serve More Companies
Leverage scale and expertise. We are focused on leveraging both operating expenses and our scale to improve performance and profitability. Sharing our knowledge and best practices helps drive efficiencies and increase sales within the country and across regions. We also recognize that one solution can’t meet the needs of every country, as customers trust their local brands to be relevant to their needs. Adhering to the “productivity loop” – buying for less, operating for less and selling for less – remains critical to our success. We closed the year by leveraging expenses as a division on a constant currency basis, before the impact of our acquisition in Chile, and we are committed to further improvements this year, including decreasing the inventory “days on hand.”
Improve returns. We will balance our significant growth with our goal of improving returns. The risk profile of more mature markets like the United Kingdom helps provide the balance for significant growth opportunities in emerging markets like Brazil, China and India. We are disciplined in our capital efficiency, as our returns are more predictable on organic growth than acquisitions.