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Ralph Lauren Says Co To Reduce Its Global Workforce By End Of Company's Fiscal 2021
Ralph Lauren Reports Q1 Loss Per Share Of $1.75
Ralph Lauren Says CEO's FY 2020 Total Compensation Was $13.0 Mln
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Company's' retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company licenses to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear, fragrances and home furnishings.
650 Madison Ave
NEW YORK, NY
Executive Chairman of the Board, Chief Creative Officer
President, Chief Executive Officer, Director
Chief Innovation Officer, Vice Chairman of the Board
Jane Hamilton Nielsen
Chief Financial Officer, Chief Operating Officer
Andrew Howard Smith
Chief Commercial Officer
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Tommy Hilfiger owner PVH Corp <PVH.N> said on Wednesday President Stefan Larsson would replace Manny Chirico as chief executive officer in February.
Ralph Lauren Corp said on Tuesday it would cut 15% of its global workforce by the end of this fiscal year as the luxury retailer strives to lower costs and ride out the impact of COVID-19 on sales and shopping habits.
Ralph Lauren Corp said on Tuesday it would cut global workforce by the end of its fiscal year as part of a company-wide restructuring to focus more on online sales.
Ralph Lauren Corp <RL.N> said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.
Ralph Lauren Corp missed estimates for quarterly revenue on Tuesday, as it struggled to recover from the widespread coronavirus closures earlier this year of outlets and department stores across the world.
Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course for a recovery from the financial damage wrought by the COVID-19 lockdowns in other markets as well.
* RALPH LAUREN REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2020 RESULTS
Ralph Lauren Corp reported a 15.4% fall in quarterly revenue on Wednesday after its outlets and department stores across the world were forced to close due to the COVID-19 pandemic.
Ralph Lauren Corp <RL.N> said on Tuesday it drew down $475 million from an existing credit line and stopped share buybacks, as it looks to beef up cash reserves to cope with the financial blow from the coronavirus pandemic.
* RALPH LAUREN CORP - WILL TEMPORARILY CLOSE OUR DIRECTLY OPERATED U.K. STORES Further company coverage:
Ralph Lauren Corp said on Thursday it expects a $55 million to $70 million hit to its fourth-quarter sales in Asia from the coronavirus outbreak in China.
* Q4 FISCAL 2020 GUIDANCE IS NOW ESTIMATED TO BE NEGATIVELY IMPACTED BY $55 MILLION TO $70 MILLION IN SALES
Higher prices for Ralph Lauren Corp's <RL.N> down jackets and fleeces during the crucial holiday season boosted its margin and helped the company beat quarterly profit estimates on Tuesday, sending the fashion house's shares up over 8%.
Ralph Lauren Corp <RL.N> said on Tuesday it has shut about half of its 110 stores in China due to the coronavirus outbreak, which has so far killed over 420 people.
Ralph Lauren Corp said on Tuesday it has shut about half of its 110 stores in China due to the coronavirus outbreak, which has so far killed over 420 people.
Ralph Lauren Corp inched past holiday-quarter revenue estimates on Tuesday, helped by demand for its winterwear in Europe and North America.
Strong demand for Ralph Lauren Corp's <RL.N> Polo shirts and tweed jackets in China helped the high-end apparel retailer beat quarterly profit estimates on Thursday, sending its shares up nearly 14%.
Ralph Lauren Corp reported a 6.5% rise in adjusted quarterly profit on Thursday, driven by tighter cost control and strong demand for its Polo shirts and tweed jackets in Europe and China.
Ralph Lauren Corp <RL.N> said on Tuesday it expects full-year sales in North America to be pressured by a tough retail environment and weakness in spending by foreign tourists, overshadowing upbeat quarterly earnings and sending its shares down about 4%.
Ralph Lauren Corp on Tuesday reported about 3% rise in first-quarter revenue, as a marketing boost from social-media and new launches helped attract millennial shoppers across the globe.
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