Fashion Ralph Lauren

  • Aug 25- Days after losing all his major sponsors, American swimmer Ryan Lochte signed an endorsement deal with a company that made light of the scandal involving the U.S. Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an "exaggerated" story about being robbed at gunpoint in Rio.

  • NEW YORK— Ryan Lochte has a new sponsor— Pine Bros. Four major sponsors, including Speedo USA and Ralph Lauren, dumped Lochte on Monday, determining they no longer wanted their brands associated with the swimmer. Lochte claimed he and three other U.S. swimmers were robbed in Rio de Janeiro after their taxi was pulled over by armed men posing as police.

  • Aug 25- Days after losing all his major sponsors, Ryan Lochte signed an endorsement deal with a company that made light of the scandal involving the U.S. Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an "exaggerated" story about being robbed at gunpoint in Rio. Lochte's version of the...

  • Olympic swimmer Ryan Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an "exaggerated" story about being robbed at gunpoint at the Rio Games. The U.S. Olympic Committee issued an apology on Thursday, and Lochte, a 12- time Olympic medalist, made his own apology on Saturday in an interview with...

  • Aug 22- Swimwear maker Speedo USA said on Monday it had decided to end its sponsorship of Ryan Lochte, two days after the U.S. Olympic gold medalist swimmer admitted to exaggerating his story about being robbed at gunpoint in Rio de Janeiro. Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent...

  • RALPH LAUREN CORP- CO WILL NOT RENEW RYAN LOCHTE'S CONTRACT, ENDORSEMENT AGREEMENT WAS SPECIFICALLY IN SUPPORT OF RIO 2016 OLYMPIC GAMES.

  • Aug 22- Swimwear maker Speedo USA said on Monday it had decided to end its sponsorship of Ryan Lochte, becoming the first company to officially terminate its endorsement of the U.S. swimmer. Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company. "The current situation in Brazil...

  • NEW YORK— Gap Inc. offered a downbeat outlook for its annual profit on Thursday after reporting a 43 percent drop in net income for the second quarter, weighed down by moves to close stores. The San Francisco, California- based company, which operates stores mainly under its namesake brand as well as Banana Republic and Old Navy, is facing the same problems as other...

  • 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...