Articles By Jennifer Lynn
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Ralph Lauren Focusing On Growth Initiatives & E-Commerce
11/21/2013
Ralph Lauren Corporation reported its second quarter earnings on November 6, 2013. The global retailer currently operates 416 stores, 131 which are of Ralph Lauren stores, 225 Polo factory stores, 523 concession shop locations and 60 are Club Monaco stores. Jacki Nemerov, president and chief operating officer stated, “We made excellent progress on several key initiatives during the second quarter. We successfully transitioned key operations to new technology platforms and made great strides with our global store expansion and e-commerce efforts.” Ralph Lauren is capitalizing in direct-to-consumer growth opportunities in Asia through continuing its expansion of its global concession shops. The retailer raised its Fiscal 2014 revenue outlook to 5 to 7 percent growth.