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May 9, 2014

Ralph Lauren Corp. on Friday announced that Roger Farah, executive chairman, will retire at the end of May. He will remain on the company’s board until his terms expires in August.

New York -- Ralph Lauren Corp. on Friday announced that Roger Farah, executive chairman, will retire at the end of May. He will remain on the company’s board until his term expires in August. Farah, one of the retail industry’s most respected executives, is credited with turning Ralph Lauren into a global powerhouse. He has been mentioned as one of the potential candidates to take the reins of Target Corp. in the wake of Gregg Steinhafel's departure.

August 7, 2013

Ralph Lauren Corp. reported that profit for the quarter ended June 29 dipped 6% to $181 million, compared with $193 million in the year-ago period.

New York -- Ralph Lauren Corp. reported Wednesday that profit for the quarter ended June 29 dipped 6% to $181 million, compared with $193 million in the year-ago period.

Sales edge up 4% in the period, to $1.61 billion, but missed Wall Street’s estimated $1.65 billion in revenue. Same-store sales slipped 1%.

The fashion retailer has issued a cautious sales outlook, projecting a low-single-digit increase in current quarter revenue from last year’s $1.86 billion.

 

May 23, 2013

Ralph Lauren Corp. reported a 35% jump in fourth-quarter profit as the retailer benefited from lower cotton prices.

New York – Ralph Lauren Corp. reported a 35% jump in fourth-quarter profit as the  retailer benefited from lower cotton prices.

The company reported net income of $127.2 million for the three months that ended March 30, compared with $94.4 million, or 99 cents per share, a year earlier.

Total net revenue rose 1.3% to $1.64 billion. Retail sales improved 7%, while wholesale sales declined 3.9%