Fashion Ralph Lauren

  • NEW YORK, July 19- Gains for equities in 2016 have been buoyed by stocks that lagged during the bull market, a trend that analysts at Fundstrat say is likely to continue in the back half of the year as they have not come close to recouping their underperformance. In a recent note to clients, Fundstrat Global Advisors managing partner Thomas Lee identified 16...

  • June 9- Ralph Lauren Corp has appointed former Coach Inc executive Jane Nielsen as chief financial offer, two days after announcing a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Nielsen will replace Robert Madore, who has been the CFO since April 2015, Ralph Lauren said on Thursday. The company brought in Stefan Larsson as...

  • June 9- Ralph Lauren Corp said it has appointed former Coach Inc executive Jane Nielsen as chief financial offer, two days after announcing a slew of other reforms.

  • June 9- Restoration Hardware Inc's shares plunged 21 percent to hit a record-low on Thursday as the luxury furniture retailer's bleak forecast spooked investors and prompted a slew of downgrades by brokerages. The risks associated with RH Modern and its move to the Grey Card membership model were well-known, but we underestimated their impact, Longbow...

  • June 9- Shares of Restoration Hardware Inc were set to open at a record-low on Thursday as the luxury furniture retailer's bleak forecast spooked investors and prompted a slew of downgrades by brokerages. Demand is weak and short-term operational costs are higher than expected, Cowen and Co analyst Oliver Chen wrote in a research note. Deutsche Bank, Longbow...

  • *Expects annualized expense savings of about $180- $220 mln. Shares of Ralph Lauren, which also forecast declines in full-year and first-quarter revenue, fell as much as 10.4 percent to $86.32 in early trading on Tuesday. The jobs being eliminated represent about 8 percent of the company's full-time jobs, spokesman Ryan Lally told Reuters.

  • *Expects annualized expense savings of about $180- $220 mln. Shares of Ralph Lauren, which also forecast declines in full-year and first-quarter revenue, fell as much as 10.4 percent to $86.32 in early trading on Tuesday. The jobs being eliminated represent about 8 percent of the company's full-time jobs, spokesman Ryan Lally told Reuters.

  • June 7- Gains in energy and technology stocks helped the S&P 500 and the Dow move higher on Tuesday morning, but a steep fall in healthcare shares capped gains on the Nasdaq. The other sectors were mostly higher a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, but was vague on when the Fed would raise interest rates.

  • *Oil prices touch 2016 highs. June 7- Wall Street was set for a higher opening on Tuesday, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, and as oil prices touched 2016 highs. The Fed Chair did say rates would be increased gradually, but did not ascribe a time-frame, a contrast to her comments on May 27 when she said a hike...

  • Ralph Lauren did not say how many employees would lose their jobs or how many stores it would close, but the Wall Street Journal said the retailer would cut 1,000 full-time jobs and close 50 mainly high-end shops. The company brought in Stefan Larsson late last year in the hope that he could replicate his success of reviving sales at Gap Inc's Old Navy.

  • June 7- Luxury fashion retailer Ralph Lauren Corp said on Tuesday that it would streamline its organizational structure, cut costs and reduce its real estate assets. The retailer said it expects its restructuring measures to result in about $180- $220 million of annualized expense savings. Ralph Lauren also expects net revenue for the current fiscal year to...

  • U.S. oil prices hit a six-month high as data from the International Energy Agency showing tightening supply, while U.S. crude inventories unexpectedly decreased. Apple tumbled 1.8 percent at a 52- week low of $90.83, dragging on all three indexes. Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined...

  • Ralph Lauren's net income fell to $41 million, or 49 cents per share, in the quarter ended April 2, from $124 million, or $1.41 per share, a year earlier. Excluding items, the company earned 88 cents per share, above the average analyst estimate of 83 cents, according to Thomson Reuters I/B/E/S. Revenue fell 1 percent to $1.87 billion, but came in above analysts' average...

  • *Helping support the early rebound, oil prices were steady after the International Energy Agency said it expects a significant reduction in supplies later this year. *Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector. Monsanto was up 4.9 percent at $94.75 after...

  • April 13- Apparel retailer Gap Inc said it appointed Sonia Syngal as the president of Gap's Old Navy division, a post which was vacant since the departure of Stefan Larsson. Larsson, who is credited with reviving sales at Old Navy, left the retailer in October to replace American designer Ralph Lauren as CEO of Ralph Lauren Corp.. Jill Stanton, who served as interim...

  • April 13- Apparel retailer Gap Inc said it named Sonia Syngal as the president of Gap's Old Navy division, a post which was vacant since the departure of Stefan Larsson. Larsson, who is credited with reviving sales at Old Navy, left the retailer on Oct. 2 to replace American designer Ralph Lauren as CEO of Ralph Lauren Corp.. Syngal served as executive vice president...

  • *Lacemaker forced to reinstate five laid-off workers by court. CALAIS, France, March 18- A Monet painting inspired the field of red poppies embroidered onto the delicate lace at Gerard Dezoteux's 126- year-old lace factory in Calais, northern France. But a court overturned the decision, a costly blow that may force the company to shut and business groups say is...

  • *Lacemaker forced to reinstate five laid-off workers by court. CALAIS, France, March 18- A Monet painting inspired the field of red poppies embroidered onto the delicate lace at Gerard Dezoteux's 126- year-old lace factory in Calais, northern France. But a court overturned the decision, a costly blow that may force the company to shut and business groups say is...

  • March 15- U.S. luxury fashion retailer Neiman Marcus Group Ltd LLC reported a second straight quarterly drop in sales at its established stores amid a slowdown in spending on high-end goods. A volatile stock market has curbed spending on high-end goods, while the strong dollar has hit spending by tourists, reducing sales at Tiffany's Inc and Macy's high-end...

  • *4th- qtr comp sales grow 1.9 pct vs est $1.5 pct. Feb 24- Target Corp's quarterly sales at established stores topped analysts' estimates as its initiatives around higher-profit items drove traffic, showing that the company's turnaround efforts under CEO Brian Cornell were gaining traction. Some of his efforts include promoting and investing in a narrower set...