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NEWS
FAIRWIND
SUNGLASSES & READING GLASSES UPS:
Recession
Over
ACCORDING TO UPS, the
bellwether of shipping, the
recession is over. According
to UPS CEO, Scott Davis, “It
looks like the recession is fi nally
over, and believe it or not, that
makes 21 recessions that UPS
has successfully managed
through.” “Economic forecasts
indicate gradual improvement
Fashion Leader Since 1978 *Importer *Exporter *Wholesaler
as 2010 unfolds,” says Kurt
Call: 1-800-327-2266
Kuehn, UPS’s chief fi nancial
www.fairwindsunglasses.com
offi cer. “The fi rst quarter will be
Fax: 1-800-777-4987 • Email: sales@fairwindsunglasses.com
the most challenging of the year
8301 Biscayne Blvd., Miami, FL 33138
for UPS, with profi tability only
slightly better than last year.
For 2010, UPS will substantially
improve performance by
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leveraging our extensive product
portfolio and global network.
As a result, we anticipate that
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diluted earnings per share
should be within a range of
Wholesale
Dolce & Gabbana $2.70 to $3.05, an increase
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of 17 to 32 percent over 2009
results. We also expect cash
generation to remain strong in
2010, with capital expenditures
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totaling $1.8 billion. This 20 Piece Lot - Assorted Sizes
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Wholesale
is well below our historical
& Sweatshirts
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range, but still supports
growth opportunities.”
During the holiday shipping
season, global volume for UPS
exceeded 22 million packages in
eight days, including two days
on which it exceeded 24 million

t

XXXOZDEFTJHOFSPVUMFUDPN packages. UPS experienced
Email: newoffers@nycdesigneroutlet.com
continued on page 68
64 March 2010 www.MerchandiserGroup.com
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