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| Leading cost containers in 40 industries, 1998-2002. |
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Lori Calabro,
CFO Magazine
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For a fuller discussion of cost management, return to the article "Everything in Moderation."
Leading Cost Containers in 40 Industries
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| Retailers - Apparel |
| COMPANY |
2002 COGS |
2002 SG&A |
2002 CMI1 |
1998-2002 CMI Avg.2 |
1998-2002 CMI Change3 |
1998-2002 Revenue Growth4 |
| Abercrombie & Fitch |
55 |
22 |
77 |
76 |
(12) |
18 |
| Claire's Stores |
49 |
35 |
84 |
83 |
389 |
11 |
| American Eagle Outfitters |
63 |
24 |
87 |
84 |
318 |
26 |
| Gap |
61 |
27 |
88 |
85 |
592 |
12 |
| May Department Stores |
66 |
22 |
88 |
85 |
407 |
0 |
| Industry Median |
63 |
26 |
89 |
89 |
121 |
7 |
All values are a percentage of operating revenue except for 1998-2002 CMI Change, which is expressed in basis points.
1 CMI = (COGS+SG&A) / revenue. For the Financial Services sector and the Insurance sector, CMI = total operating expenses / revenue. (Total operating expenses = SG&A + COGS without interest expense adjustments.) For the Banking sector, CMI = (noninterest expense) / (net interest expense income + noninterest income.)
2 Average CMI for 1998-2002.
3 Nominal change in CMI for 1998-2002.
4 Compound annual growth in revenue.
Analysis performed by Gunn Partners, an Exult company.
Data source: Thomson Financial
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