Content about Ralph Lauren Corp.

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%

February 15, 2013

Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com.

New York -- Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com. It will be the first freestanding U.S. location for the brand, which features affordable price points.  

November 5, 2012

Ralph Lauren Corp. is shuttering its Rugby division, Crain’s New York reported.

New York -- Ralph Lauren Corp. is shuttering its Rugby division, Crain’s New York reported.

The preppy-inspired Rugby brand, targeted at a young audience, was launched in 2004. It has 14 locations.

“We continue to believe that we can service the millennium Rugby customer with brands such as Denim & Supply and Club Monaco,” said Roger Farah, president and COO, on the company’s recent earnings call.

 

August 28, 2012

Ralph Lauren Corp. has appointed Christopher H. Peterson as SVP and CFO. He succeeds Tracey Travis, who resigned in July to join The Estee Lauder Cos. Inc.

New York -- Ralph Lauren Corp. has appointed Christopher H. Peterson as SVP and CFO. He succeeds Tracey Travis, who resigned in July to join The Estee Lauder Cos. Inc.

Most recently, Peterson served as CFO of Proctor & Gamble Co.’s Global Household Care division.

August 8, 2012

Ralph Lauren Corp. said that its net income rose 5% in its first quarter, but the company forecast a revenue decline in the current quarter and sounded a note of caution about the weak global economy hurting consumer spending.

New York -- Ralph Lauren Corp. said that its net income rose 5% in its first quarter, but the company forecast a revenue decline in the current quarter and sounded a note of caution about the weak global economy hurting consumer spending.

"The outlook for consumer spending and global economic growth remains challenging and we are planning our business accordingly," said CEO Roger Farah.

Net income from April through June was $193.4 million, up from $184.1 million a year ago.

July 18, 2012

Ralph Lauren Corp. said CFO Tracey Travis has resigned to pursue other interests.

New York -- Ralph Lauren Corp. said CFO Tracey Travis has resigned to pursue other interests.

Robert Madore, senior VP finance, will assume the role on an interim basis, effective July 30, the company said in a regulatory filing.