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Ralph Lauren, the renowned American fashion brand, has debuted its innovative concept store in Thailand. The World of Ralph Lauren, the brand’s pioneering retail venture, has found its home at the Central Embassy in Bangkok. Developing a New Retail Experience…
Ralph Lauren has posted a modest increase in sales and a surge in profit for the first quarter despite a challenging luxury market. The company’s revenue for the quarter ended June 29 was $1.5 billion, up 1 percent on a reported basis and 3 percent in…
Canada’s corporate ethics watchdog said on Tuesday it was investigating Ralph Lauren’s Canada unit to probe allegations the apparel retailer’s supply chain and operations in China used or benefited from the use of Uyghur forced labor. The Canadian…
US luxury fashion label Ralph Lauren has launched a cafe in Malaysia, part of its plan to strengthen its presence in the Southeast Asia market. The new coffee shop is located at Pavilion Kuala Lumpur, right next to its fashion retail space. It provides both…
Luxury retailer Ralph Lauren says sales growth on the Chinese mainland returned to pre-Covid-19 rates in the second quarter, increasing by more than 30 percent year on year. However sales across greater Asia decreased 7 percent to US$237 million on a reported…
Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly US$1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world. The big drop in revenue and a larger-than-expected loss…
Luxury retailer Ralph Lauren saw online sales in Asia surge by 15 percent during the peak of Covid-19 lockdowns. But the company’s early decision to close stores around the world saw overall sales drop by 15.4 percent, resulting in an operating loss of $284…
Luxury fashion label Burberry is retooling its Yorkshire trench-coat factory to produce non-surgical gowns and masks in response to the coronavirus outbreak. The supplies will be produced for patients and will be subject to approval from the Medicines and…
Luxury group Ralph Lauren Corp fears the coronavirus will reduce its March-quarter sales by between US$55 million and $70 million, due to falling store footfalls in Mainland China, South Korea and Japan. The company says it expects “broader impact across its…
US fashion brand Ralph Lauren is ramping up its presence in Australia with the launch of its first standalone women’s store in Sydney’s CBD last month. The store, located in the iconic Queen Victoria Building, is part of the transformation over the last five…
After a long run of fairly mediocre performance, Ralph Lauren has finally delivered a solid set of numbers. The 5 per cent net revenue growth announced last week is pleasing as are the various regional outcomes. These were supported by a respectable increase…
Within hours of the announcement that Apple retail chief Angela Ahrendts was to leave the role in April, speculation was rife as to where she is headed. Ahrendts, who led the fine-tuning of Apple’s retail business for five years after turning around British…
Premium lifestyle brand Ralph Lauren increased gross profit across its third quarter period by 6 per cent to $1.46 billion (US$1.05 billion), compared to $1.37 billion (US$996 million) the year prior. The growth was driven by a 90 bps increase in gross margin…
Ralph Lauren CEO Patrice Louvet has promised to open a store a week in China. Speaking at The New York Times Luxury Conference in Hong Kong last week, Louvet said stores “are crucial for projecting the company as aspirational” which is why Ralph Lauren China…
As Ralph Lauren pulls out all the stops to celebrate its 50th anniversary, its second-quarter results do not reflect the upbeat note of the festivities. Indeed, if anything the Ralph Lauren results are rather anemic and are characteristic of a brand that is…
Among the investors who snapped up shares in luxury e-commerce marketplace Farfetch after its September IPO was one buyer with little interest in operating profits or projected revenue. People for the Ethical Treatment of Animals pounced on shares in the…
