Faster supply chain is key to Ralph Lauren turnaround
An overhaul of its supply chain is at the heart of restructuring plans revealed this week by Ralph Lauren's newly-appointed CEO, who this month appointed a new finance chief and supply chain chief.
An overhaul of its supply chain is at the heart of restructuring plans revealed this week by Ralph Lauren's newly-appointed CEO Stefan Larsson, including a new test pipeline, shorter lead times, reduced inventory and a focus on fewer styles and more on-trend merchandise.
Significant structural changes are needed across the apparel supply chain in order to create a more consistent, faster and efficient sourcing model that will help retailers improve margins, analysts have said.
US apparel giant Ralph Lauren Corp is strengthening its leadership team as part of newly-appointed CEO Stefan Larsson's Way Forward Plan – including the addition of Coach Inc's chief financial officer Jane Hamilton Nielsen and a new head of supply chain.
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