US: Polo Ralph Lauren increases Q1 income 10%
Polo Ralph Lauren has reported net income of US$88m for the first quarter of Fiscal 2008, compared to net income of $80m for the first quarter last year, reflecting 10% growth as the company makes further ground in Europe.
Polo's first quarter net revenues increased 12% to $1.07bn, while operating income grew 9% to $146m.
"It is especially gratifying to be celebrating our 40th anniversary as a company, and our 10th anniversary as a public company, at a time when our business is strong and we are positioned for even greater growth," said Ralph Lauren, chairman and chief executive officer.
"The momentum in our European business is especially encouraging, and we are excited by our new opportunities in Japan. We are fortunate to have the talent and financial strength to pursue multiple initiatives. We recently completed our first American Living line review and I came away even more convinced of the tremendous growth potential for our Global Brand Concepts business," he added.
Help test our new apparel sourcing tool.
Dr John Cheh, the newly appointed chief executive officer of Hong Kong based cotton shirt manufacturer Esquel, talks to just-style about social responsibility and sustainable development, life after q...
Apparel maker Polo Ralph Lauren Corporation today (6 February) raised its fiscal 2008 earnings forecast after higher wholesale sales and a lower tax rate helped third-quarter profit rise 2%....
Polo Ralph Lauren Corporation has appointed Edouard Roche as president of its majority owned Japanese subsidiary Impact 21....
Calvin Klein Inc has named Robert Vignola as president of the Calvin Klein Collection, a new role to support the luxury brand's restructuring and planned expansion....
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- What TTIP might mean for US, EU textiles & apparel
- Geo-political uncertainty and how to survive it
- Where next for Corporate Human Rights Benchmark?
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Sears has "substantial doubt" of future
- World Bank commits $57bn to sub-Saharan Africa
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective