Estee Lauder 2013 Annual Report Download - page 139

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THE EST{E LAUDER COMPANIES INC. 137
(12) real estate rates and availability, which may affect our
ability to increase or maintain the number of retail
locations at which we sell our products and the costs
associated with our other facilities;
(13) changes in product mix to products which are
less profitable;
(14) our ability to acquire, develop or implement new
information and distribution technologies and initiatives
on a timely basis and within our cost estimates and our
ability to maintain continuous operations of such systems
and the security of data and other information that may
be stored in such systems or other systems or media;
(15) our ability to capitalize on opportunities for improved
efficiency, such as publicly-announced strategies and
restructuring and cost-savings initiatives, and to integrate
acquired businesses and realize value therefrom;
(16) consequences attributable to local or international
conflicts around the world, as well as from any terrorist
action, retaliation and the threat of further action or
retaliation;
(17) the timing and impact of acquisitions and divesti-
tures, which depend on willing sellers and buyers,
r espectively; and
(18) additional factors as described in our filings with the
Securities and Exchange Commission, including this
Annual Report on Form 10-K for the fiscal year ended
June 30, 2013.
We assume no responsibility to update forward-looking
statements made herein or otherwise.