×
43 795
Fashion Jobs
CENTRIC BRANDS
Associate, Account Executive
Permanent · New York
CENTRIC BRANDS
Senior Analyst Basis & Security
Permanent · Greensboro
SALLY BEAUTY CORPORATE
District Manager - Cosmoprof
Permanent · Memphis
NORDSTROM
Asset Protection- Security Ambassador- Park Meadows
Permanent · Lone Tree
NORDSTROM
Asset Protection- Agent- Park Meadows
Permanent · Lone Tree
NORDSTROM
Asset Protection - Agent - Sugarhouse Rack
Permanent · Salt Lake City
NORDSTROM INC
Manager - Merchandise And Inventory - Colonie Mall Rack
Permanent · Albany
NORDSTROM
Asset Protection- Security Ambassador- Cherry Creek
Permanent · Denver
NORDSTROM
Asset Protection- Agent- The Orchards Rack
Permanent · Westminster
BANANA REPUBLIC
General Manager - Gloucester Premium
Permanent · Gloucester Township
BANANA REPUBLIC
General Manager - The Shops at Nanuet
Permanent · Clarkstown
LULULEMON
Store Business Lead | Kenwood Towne Centre
Permanent · Cincinnati
LULULEMON
Store Business Lead (Sbl) | Georgetown
Permanent · Washington
ESTÉE LAUDER
Hiring Event - Beauty Sales Managers - Bobbi Brown - Clinique - Origins - Tom Ford Beauty - Richland Mall - Waco, tx
Permanent · Waco
ESTÉE LAUDER
Digital Project Manager
Permanent · Blaine
ESTÉE LAUDER
Manager Video Post Production
Permanent · Blaine
ESTÉE LAUDER
Executive Director International Business Development
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 35 Hrs - The Corners - Wauwatosa, wi
Permanent · Wauwatosa
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 40 Hrs - Memorial City - Houston, tx
Permanent · Houston
ESTÉE LAUDER
Manager, Global Brand Supply Chain - Bobbi Brown
Permanent · New York
ESTÉE LAUDER
HR Business Partner, Glamglow And Smashbox
Permanent · Culver City
TAPESTRY
Full Time Sales Supervisor
Permanent · Estero
By
Reuters
Published
Oct 29, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ralph Lauren misses revenue estimates, sees more pandemic pain ahead

By
Reuters
Published
Oct 29, 2020

Ralph Lauren Corp missed revenue estimates for the second quarter on Thursday, as fewer customers spent on its high-end apparel and accessories during the Covid-19 pandemic.


Ralph Lauren - Spring-Summer2020 - Womenswear - New York - © PixelFormula



The luxury apparel retailer said it expects third quarter and full year earnings to continue to be adversely affected by the pandemic that has dulled consumer demand.

Net revenue fell about 30% to $1.19 billion in the quarter ended Sept. 26, missing analysts’ average estimate of $1.21 billion, according to IBES data from Refinitiv.

"Looking across the first half of the fiscal year, we continued our elevation journey while fast-tracking Connected Retail and our company-wide digital transformation," said Patrice Louvet, President and Chief Executive Officer.

"We also began the hard but necessary work of simplifying our organizational and cost structures to position the company for future growth. Looking ahead, we will continue to work proactively to deliver an elevated experience that inspires consumers around the world and creates value for all of our stakeholders."

The company reported a net loss of $39.1 million, or 53 cents per share, compared with a profit of $182.1 million, or $2.34 per share, a year earlier.

 

© Thomson Reuters 2021 All rights reserved.