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
No more chemicals in Aldi clothing

No more chemicals in Aldi clothing

01/04/2015

Supermarket chain Aldi has joined Greenpeace's Detox campaign and has promised to ban all harmful materials from its clothing production.

Asian sales a worry for luxury branch

Asian sales a worry for luxury branch

01/04/2015

Several luxury companies have struggled to present positive results, despite the improved economic situation in Europe and the United States. Asia is apparently the biggest problem area, financially.

Weak euro will make clothing more expensive

Weak euro will make clothing more expensive

30/03/2015

The euro's weak exchange rate will have its impact on clothing in the next few months: the majority of clothes is imported into Europe and will now become more expensive.

Amazon launches bid for Net-a-Porter

Amazon launches bid for Net-a-Porter

27/03/2015

American online retailer Amazon is rumoured to be in (early) talks to acquire the luxury retailer Net-a-Porter. It would be Amazon's largest ever purchase.

H&M in a storm because of fictional metal band T-shirts

H&M in a storm because of fictional metal band T-shirts

26/03/2015

Metal bands and their die-hard fans are not happy with H&M's newest project: the Swedish fashion chain launched a collection of T-shirts based on fictional metal bands. A huge social...

Higher sales, increased profits and Belgian web shop for Hennes & Mauritz

Higher sales, increased profits and Belgian web shop for Hennes & Mauritz

24/03/2015

Turnover and profit for Swedish fashion group Hennes & Mauritz - which owns brands like H&M, COS and & Other Stories - has grown considerably in its previous quarter.

Macintosh sees net loss increase tenfold to 100 million euro

Macintosh sees net loss increase tenfold to 100 million euro

19/03/2015

Dutch Macintosh Retail Group has been through a annus horribilis: its 2014 turnover may have grown, but its losses grew even more rapidly - now surpassing the 100 million euro...

Tom Tailor's management expands to cope with growth

Tom Tailor's management expands to cope with growth

18/03/2015

German clothing group Tom Tailor is to expand its management, so that every individual brand will get a larger team within the company's upper echelon.

Inditex turnover up 8% thanks to store openings

Inditex turnover up 8% thanks to store openings

18/03/2015

Spanish textile company Inditex has seen its net turnover grow 8 % in its most recent fiscal year, which ended on 31 January 2015. Several hundred new stores were key...

Van de Velde settles in Intimacy court case

Van de Velde settles in Intimacy court case

17/03/2015

Belgian lingerie manufacturer Van de Velde has settled out of court in the court case surrounding its American lingerie subsidiary, Intimacy. 

Decent growth for Asos' fashion web shop in second quarter

Decent growth for Asos' fashion web shop in second quarter

13/03/2015

British fashion web shop Asos has managed growth outside of Great Britain: group turnover grew 16.5 % in the second quarter. An afwul previous year now only seems a dark...

5 % turnover growth for Hugo Boss's fourth quarter

5 % turnover growth for Hugo Boss's fourth quarter

12/03/2015

German fashion group Hugo Boss's fourth quarter turnover grew 5 % to 684 million euro. All in all, it managed a record turnover in its previous fiscal year, thanks to...