85 570
Fashion Jobs
LEVI'S
Associate Manager, Retail Stores Communications
Permanent · SAN FRANCISCO
NEW BALANCE
Athlete & Product Services Manager
Permanent · BOSTON
NEW BALANCE
sr. Manager, Portfolio Management | Operations
Permanent · LAWRENCE
THE REALREAL
Field Sales Account Manager (Account Luxury Manager)
Permanent · NEW YORK
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
MOVADO GROUP
District Manager
Permanent ·
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
RALPH LAUREN
Sales Professional Part Time-2
Permanent · OAK BROOK
RALPH LAUREN
Associate Manager
Permanent · JOHNSON CREEK
By
Reuters
Published
Feb 6, 2013
Reading time
2 minutes
Download
Download the article
Print
Text size

Ralph Lauren profit rises in holiday quarter

By
Reuters
Published
Feb 6, 2013

Ralph Lauren Corp on Wednesday reported holiday quarter sales and profits that showed renewed momentum after a rough patch earlier in the year, helped by steady business in the Americas and improvement in Europe.

The fashion company and retailer, whose portfolio also includes brands such as Club Monaco and Chaps, said its gross profit margin rose 2.2 points to 59.3 percent during the quarter that ended December 29, helped lower product costs and a bigger percentage of sales coming from more profitable items.


(photo: Ralph Lauren)

Ralph Lauren now expects a bigger improvement in its operating profit margin for the year than initially projected, and shares were up 6.7 percent in premarket trading.

Revenue in the quarter rose 2.2 percent to $1.85 billion.

The company forecast company wide revenues would rise by a "mid-single-digit" percentage in the current fourth quarter.

Sales at Ralph Lauren have suffered from its decision to phase out stores and boutiques operated by local partners in China and replace them over time with company-run shops in better spots.

And the discontinuation of the American Living brand, which was dropped by low-price department store J.C. Penney Co Inc (JCP.N) last year, also hurt.

Excluding the impact of its China store closings and the American Living brand, revenue rose 5 percent in the quarter.

Wholesale revenues, which come from sales to department stores and others that carry its brands, were down 2 percent, a much gentler drop than in the previous quarter.

At Ralph Lauren's own stores, revenue was up 6 percent, also a better performance than last quarter.

Chief Operating Officer Roger Farah credited "continued momentum in the Americas and improved trends in Europe," a market that has been a drag on the company growth this year.

Net income rose 27.6 percent to $215.7 million, or $2.31 per share, in the third quarter ended December 29, from $169.0 million, or $1.78 per share, a year earlier.

© Thomson Reuters 2024 All rights reserved.