Ralph Lauren Corporation has tapped Patrice Louvet as the company’s new President and CEO. The move comes after Stefan Larsson stepped down from the helm earlier this month and as the company struggles with its Way Forward plan, a turnaround effort that has fallen short in recent quarters. In addition to …
KEY APPOINTMENTS ANNOUNCED AT RALPH LAUREN
Ralph Lauren’s Way Forward Plan, a turnaround effort rolled out last year to boost sales, is back on track with two key appointments. Jonathan Bottomley has been named Chief Marketing Officer and Tom Mendenhall has been named Brand President, Men’s Polo, Purple Label and Double RL. Both positions are newly created roles …
BREAKING TRENDS: NYFW FALL 2017 MICHAEL KORS COLLECTION, DELPOZO & RALPH LAUREN
New York Fashion Week–Accessories Magazine’s daily dispatch of the latest looks coming down the Fall/Winter 2017 NYFW runways, all filtered through the accessories
MELANIA TRUMP DONS RALPH LAUREN AND REEM ACRA AT INAUGURAL EVENTS
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The fashion world finally found out who would dress First Lady Melania Trump for her husband’s presidential inauguration today, a hotly debated topic that even President Trump weighed in on earlier this week. Answer, Ralph Lauren. The First Lady chose a pastel blue dress with a wrap, mock turtleneck and …
LUXOTTICA AND RALPH LAUREN RENEW EYEWEAR LICENSE AGREEMENT
Eyewear manufacturer Luxottica Group recently announced that it has renewed its exclusive license agreement with Ralph Lauren Corporation. The two companies said that it is going to be a 10-year agreement extending to March 31, 2027 (though still subject to terms and conditions during that timeframe). This business strategy will …
APPOINTMENTS: THREE NEW HIRES AT RALPH LAUREN
Amid a major strategic shake up unveiled earlier this week, Ralph Lauren CEO Stefan Larrson has also announced a host of new executive appointments at the helm of the iconic brand as part of its Way Forward Plan. Starting September 6, Jane Nielson will become CFO, taking over from Bob Madore. …
Ralph Lauren Posts 40% Profit Fall for Holiday Quarter
New York–Ralph Lauren Corp. today reported a bigger-than-expected declines in holiday quarter sales, hurt by warm weather and fewer tourists. For the three months ended Dec. 26, the company posted net income down 40% to $131 million, or $1.54a share, in its third quarter. Excluding items, the company earned $2.27 …
Global 100 Brands: Tech Dominates Traditional Retail, Consumer Brands
New York—In its 16th annual Best Global Brands report, released Tuesday, Interbrand points out the 100 most valuable global brands. Technology and automotive brands dominate this year’s ranking, holding a combined 28 positions. Technology brands, in particular, dominate—collectively making up more than a third (33.6%) of the total value of …
Ralph Lauren Steps Down as CEO; Names Stefan Larsson to Post
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New York–Ralph Lauren Corp. today announced that Stefan Larsson, one of the most successful executives in the fashion industry, has been named Chief Executive Officer. His appointment will become effective in November, at which time he will also join the Ralph Lauren Corporation board. Larsson will report to Ralph Lauren, …
Ralph Lauren Sued for Handbag Patent Infringement
Ralph Lauren sells a wearable tech, $5,000 handbag that can charge devices and lights up when opened to help wearers find keys, wallets and whatnot. But Texan patent designer Jimmy Bryan says “not so fast.” Bryan’s 10-page complaint filed in Texas federal court alleges that Ralph Lauren “has infringed and continues …
Ralph Lauren Reports Better-Than-Expected Q4
Ralph Lauren Corporation today reported net income of $124 million, or $1.41 per diluted share, for the fourth quarter of Fiscal 2015. Excluding foreign currency impacts, EPS was $1.69 in the fourth quarter. This compared to net income of $153 million, or $1.68 per diluted share, for the fourth quarter …
Fall 2015 Runway Wrap-Up: Ralph Lauren, Marchesa, Proenza Schouler
Ralph Lauren Ralph Lauren’s version of the American West went Native American–think natural scraped hides, ponchos and capes, bone and horn toggle belts and fur trapper hats. Marchesa The always elegant Marchesa runway featured lots of beading and delicate fringe, all used in interesting ways like a leaf-like choker to …
Breaking Trends Pre-Fall 2015: Ralph Lauren
Beige, camel and tan never looked so perfect as it did at the Ralph Lauren show. Fringe gave a nod to Lauren’s love of The American West, while clean natural leathers and bold bangles added structure and dimension. Sweaters made it all super cozy.
Week in Review: News Stories That Could Spook You
New York—Today may be Halloween (happy, happy) but for the nation’s retailers this frolicking holiday means only one thing: the holiday sales season is starting. Even year there’s the Christmas Creep moving more shopping and sales into November—and not just later for Black Friday. Analysts predict that promotions will begin …
Ralph Lauren Q2 Better-Than-Expected, But Forecast Disappoints
New York— Ralph Lauren Corp. today reported a much-better-than expected Q2 profit, but the company’s annual forecast disappointed Wall Street. For the quarter ended Sept. 27, Ralph Lauren Corp. posted a profit of $201 million, or $2.25 a share, compared with $205 million, or $2.23 a share, in the year-ago …
Farah’s Move to Tory Burch: What’s Next?
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New York—Tory Burch’s hiring coup of Roger Farah as co-chief executive officer on Thursday may have ended speculation on where Farah might land after his stint at Ralph Lauren. But it wasn’t JCPenney as many had predicted. Now speculation swirls that Farah appearance signals that Tory Burch may seek an …
Ralph Lauren Beats Profit Estimates, Misses Sales Goal
New York—Ralph Lauren Corp. today reported it beat profit estimates despite a 10% decline from last year as revenue growth failed to offset higher operating expenses. The company, whose brands include Polo, American Living and Club Monaco, posted net income of $162 million or $1.80 a share, compared with $181 …
Ralph Lauren Q4 Profit Climbs, But Outlook Disappoints
New York—Ralph Lauren Corp. today reported its fourth quarter profit climbed 20.5%, but its lukewarm outlook disappointed Wall Street, sending shares lower in early trading. For the quarter ended March 29, the luxury fashion brand posted a net profit of $153 million, or $1.68 a share, compared with $127 million, …
Full Swing!
LOCATION: Lincoln Center – Mercedes Benz Fashion Week, NYC Jacket: Rugby by Ralph Lauren, Dress: Kate Spade, Boots: c/o Stuart Weitzman, Bag: Marc Jacobs, Sunnies: Badgley Mischka (Photos by Grant Friedman) Fashion Week is in full-swing, Lovelies! If you’re following … Continue reading →
Ralph Lauren Posts “Solid” Profit in “Shaky” Retail
New York—Seemingly immune to pressures many other fashion companies have reported so far this season, Ralph Lauren Corp. today said its third quarter profit rose beyond expectations as its retail and wholesales sales increased. For the quarter ended Dec. 28, Ralph Lauren posted a 9.7% increase in its net profit …