Ralph Lauren sends out profit warning

  • Written by 
  • Published in Fashion
  •   
Featured Ralph Lauren sends out profit warning

Fashion group Ralph Lauren has announced on Friday that it expects that the new store openings will have an impact on the fiscal year's profits until March 2015.

500 million dollar in investments

Just over half of Ralph Lauren's turnover currently comes from department store and retailer sales, but the group wants to get more of a grip on its brands and on sales, which means it is currently expanding the number of its own stores. It aims to invest another 400 to 500 million dollars (300 to 370 million euro) in new projects in the next fiscal year, until March 2015.

 

Ralph Lauren's retail sales are not really going as well as hoped, with the fourth quarter (ending on 29 March) experiencing a 1 % turnover drop. Wholesale turnover grew 24 %, thanks to excellent performances in North and South America.

 

Fourth quarter's total turnover grew 13.6 % to 1.87 billion dollars (1.3 billion euro) and its net profit rose 20.5 % to 153 million dollars (111 million euro). The company still expects a 6 to 8 % turnover increase in the next fiscal year, but that is lower than the 9 % it managed in the previous fiscal year.


Questions or comments? Please feel free to contact the editors
FNG Group's turnover surpasses 250 million euro mark

FNG Group's turnover surpasses 250 million euro mark

28/08/2015

Belgian fashion house FNG Group has had an excellent fiscal year: turnover grew 70 % and surpassed the 250 million euro mark for the first time. Profits also grew a...

Abercrombie & Fitch's turnover drops but still beats expectations

Abercrombie & Fitch's turnover drops but still beats expectations

27/08/2015

American fashion company Abercrombie & Fitch has had another onerous quarter, but its turnover was markedly better than wat analysts had expected. Particularly Hollister performed well.

Ralph Lauren launches hi-tech polo

Ralph Lauren launches hi-tech polo

26/08/2015

On 27 August, American fashion label Ralph Lauren will launch a hi-tech polo for men. At first, the polo, which will cost a hefty 250 euro, will only be available...

Foot Locker's like-for-like turnover grows nearly 10 %

Foot Locker's like-for-like turnover grows nearly 10 %

25/08/2015

Shoe chain Foot Locker's like-for-like turnover grew 9.6 % in the second quarter of its fiscal year. Net profit also soared and grew a quarter compared to last year.

Exchange rates impact Charles Vögele

Exchange rates impact Charles Vögele

25/08/2015

The Charles Vögele Group has been hit hard in the first part of 2015, mainly because of negative exchange rate fluctuations. When the minimal exchange rate was lifted, it mainly...

Strong turnover increase for Mango thanks to online sales bump

Strong turnover increase for Mango thanks to online sales bump

25/08/2015

Spanish fashion chain Mango's turnover grew more than 9 % in the past fiscal year when compared to last year's numbers. A large online sales boost was the main contributor...

GAP hits expectations, despite profit drop

GAP hits expectations, despite profit drop

21/08/2015

American fashion company Gap has experienced a profit drop in its second quarter of 2015. Turnover also dropped, but the company still managed to reach expectation levels.

Abercrombie & Fitch expands its management team

Abercrombie & Fitch expands its management team

19/08/2015

American fashion company Abercrombie & Fitch has created six new managerial positions in an attempt to turn the tide, but the former fashion powerhouse is still on the lookout for...

Record turnover for Urban Outfitters

Record turnover for Urban Outfitters

19/08/2015

Clothing chain Urban Outfitters was not able to beat analysts' expectations in the second quarter, but it did rake in the highest every turnover in the company's history.

From bad to worse for American Apparel

From bad to worse for American Apparel

18/08/2015

American Apparel's second quarter results show that it is still in a downward spiral: the American fashion company's turnover are plummeting, its losses are growing and it is running out...

Cos sells Hay furniture

Cos sells Hay furniture

17/08/2015

Swedish H&M's affiliate chain, Cos, will sell furniture from now on after it signed a deal with Danish furniture manufacturer Hay. The items will be available online all over Europe.

New Look's turnover is up more than 4 %

New Look's turnover is up more than 4 %

14/08/2015

In the first quarter of its new fiscal year, British New Look has managed to increase its turnover by 4.3 %. Particularly its online sales performed well: that branch boosted...