Banana Republic 2015 Annual Report Download - page 6

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Special Note on Forward-Looking Statements
This Annual Report on Form 10-K contains forward-looking statements within the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are
forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,”
and similar expressions also identify forward-looking statements. Forward-looking statements include, but are not
limited to, statements regarding the following:
• target cash balance and ability to provide for our working capital needs and for unexpected business downturns;
• continuing to evolve our customer experience, with particular focus on the mobile and digital expressions of our
brands;
• attracting, retaining, and training great talent in our businesses and functions;
• improving sales performance through a more consistent, on-trend product offering;
• continued focus on our responsive supply chain and inventory management initiatives;
• continuing our investment in mobile digital capabilities;
• enhancing our shopping experience for our customers;
• continuing growth through new stores with a focus on Asia, outlet, and Athleta;
• impact of foreign exchange rate fluctuations in fiscal 2016;
• net store openings in fiscal 2016;
• square footage for company-operated stores in fiscal 2016;
• operating margin in fiscal 2016;
• current cash balances and cash flows being sufficient to support our business operations, including growth
initiatives, planned capital expenditures, and repayment of debt;
• ability to supplement near-term liquidity, if necessary, with our $500 million revolving credit facility or other
available market instruments;
• the impact of the seasonality of our operations;
• cash spending for purchases of property and equipment in fiscal 2016;
• dividend payments in fiscal 2016;
• the estimates and assumptions we use in our accounting policies;
• the impact of accounting pronouncements;
• unrealized gains and losses from designated cash flow hedges;
• total gross unrecognized tax benefits;
• expected payments to International Business Machines Corporation (“IBM”);
• the impact of losses due to indemnification obligations;
• the outcome of proceedings, lawsuits, disputes, and claims; and
• the impact of changes in internal control over financial reporting.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could
cause our actual results to differ materially from those in the forward-looking statements. These factors include,
without limitation, the following:
• the risk that the adoption of new accounting pronouncements will impact future results;