×
36 588
Fashion Jobs
AEROPOSTALE
Aeropostale District Manager - Kansas City/Midwest
Permanent · Kansas City
AEROPOSTALE
Advertising Operations Manager - Marketing/E-Comm
Permanent · Lyndhurst
AEROPOSTALE
Aeropostale Associate Merchandise Planner
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Chicago
SALLY BEAUTY CORPORATE
Area Manager
Permanent · Fairfax
SALLY BEAUTY CORPORATE
District Manager
Permanent · Winston-Salem
SALLY BEAUTY CORPORATE
District Manager
Permanent · Atlanta
SALLY BEAUTY CORPORATE
Field Sales Manager
Permanent · Los Angeles
SALLY BEAUTY CORPORATE
District Manager
Permanent · Shreveport
SALLY BEAUTY CORPORATE
Area Manager
Permanent · Alexandria
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Jackson
SALLY BEAUTY CORPORATE
District Manager
Permanent · Albuquerque
BLOOMINGDALE'S
Senior Operations & Asset Protection Manager - New Store Opening: Bloomingdale’s Valley Fair, San Jose ca
Permanent · San Jose
BLOOMINGDALE'S
Senior Operations & Asset Protection Manager: Bloomingdale’s Chevy Chase, md
Permanent · Chevy Chase
BLOOMINGDALE'S
Registry Consultant
Permanent · Los Angeles
BLOOMINGDALE'S
Registry Consultant
Permanent · New York
BLOOMINGDALE'S
Human Resources Manager: Bloomingdale’s Chestnut Hill Mall, Boston ma
Permanent · Chestnut Hill
JCREW
Associate Manager, j.Crew Factory, Great Mall of The Bay Area
Permanent · Milpitas
BANANA REPUBLIC
General Manager - Carlsbad Premium
Permanent · Carlsbad
BANANA REPUBLIC
Loss Prevention Agent - Garden State Plaza
Permanent · Paramus
CLARKS
Procurement Manager
Permanent · Waltham
PVH
Manager, Strategic Initiatives - The Underwear Group
Permanent · NEW YORK

Ralph Lauren reports positive results for its 2014-15 FY

Published
today May 13, 2015
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

At the moment of truth in the revealing of its 2014-15 financial years results, Ralph Lauren was quite satisfied. "We made excellent progress on our strategic initiatives in Fiscal 2015. We opened several stores in key markets around the world, fueled the momentum of our luxury accessories business with the launch of the Drawstring Ricky bag, and continued to innovate with the introduction of Polo for women as well as the development of Polo Sport which will be launching this Fall. We also announced a new global brand management organizational structure that will more fully leverage the power of our brands to drive future growth for the Company," said Ralph Lauren, Chairman and Chief Executive Officer."

Ralph Lauren is continuing advance its pawns in the luxury sector, especially with accessories and its Drawstring Ricky bag - Ralph Lauren


The designer and leader's enthusiasm is due to better-than-expected results in the last quarter, closed at the end of March, and thus for the label's entire financial year.

Even though the increase in the dollar compared to other currencies these past few months had a negative impact over international sales, Ralph Lauren recorded a 2% profit, amounting to 7.62 billion dollars. Before exchange rates, growth stands at 4%. For its last quarter, the group saw its revenue improve by 1% to 1.9 billion, carried by wholesale sales which weighed in at more than a billion dollars, while retail sales remained stable at 842 million dollars.

For the year, wholesale sales remained stable (+2% before exchanges) at 3.5 billion dollars, while direct sales increased more than 4% (6% before exchanges) to nearly 4 billion. Under license numbers completed the activity with 169 million dollars, up 2% (3% before currency exchange).

Ralph Lauren - Ralph Lauren


Retail sales, on a comparable basis, dropped 1% (+1% before exchanges) for the year. The group, which notably has a luxury-oriented concept in Milan, as of the end of March had 466 wholly-owned stores, including 143 Ralph Lauren stores, 64 Club Monaco stores and 259 Polo factory stores. It also has 536 concessions in the world, with 72 Ralph Lauren stores and 119 Club Monaco stores and corners under license.

For its 2015 financial year Ralph Lauren saw its operating result decrease by 8%, due to currency fluctuations, amounting to 1.035 billion dollars. Its net result dropped from 776 to 702 million dollars.

For the year underway, the group seems to be aiming at stability. It has announced that it counts on an increase in revenue, before exchanges, of 5%, but adds that it is expecting a drop in its operating margin of between 180 and 230 basis points. This number should thus drop between 25.2% and 24.7%.

Copyright © 2020 FashionNetwork.com All rights reserved.