To sustain growth, we have to be able to respond quickly to ongoing changes in the retail industry. We must mirror the same qualities found in the fashion industry we serve - remaining fast-paced, nimble, creative, and forward-looking. And in our competitive, quick-response industry, we must never rest on our laurels. Early on, we saw that the key to responsiveness was to do business internationally. From the start, the company focused on building long-term, meaningful relationships with our manufacturers and suppliers.
A global strategy built over time
And we are also well positioned globally to respond to the overall strategic targets of Limited Brands, our parent company. The extensive family of retail divisions that make up Limited Brands aggressively plans to increase revenues early in the next century, and has challenged MAST to ensure that it keeps up with the increased demands on its sourcing capacity.
Today, that vision in building overseas partnerships has resulted in global alliances with a network of suppliers unequaled in the industry. MAST is well positioned globally to supply products that enable our customers to establish and maintain their brand identity. For our customers this means getting the highest-quality, best-value products when they need them - and in the quantities they require.
Building capacity while lowering costs
As business becomes more competitive, retailers are continuing to look at creative ways to reduce the costs associated with providing product. MAST is instrumental in developing new approaches and manufacturing technologies that create cost savings and competitive advantages for MAST and our customers. In the final analysis, how well a product performs at retail is what counts. MAST is committed to helping its customers meet and exceed their objectives, and to build a family of the world's best fashion brands to create sustained growth of shareholder value. How? By finding better ways to deliver quality products of better value - at a high level of consistency. It's that simple.