US: Polo Ralph Lauren raises Q1 guidance
Luxury goods brand Polo Ralph Lauren said it has upped its expectations for the first quarter of fiscal 2007 after enjoying better global product demand and more full-price sell-throughs both at retail stores and at better department and specialty stores.
Based on preliminary quarterly results, Polo expects expects consolidated revenue growth to be in the mid-twenties per cent compared to last year's first quarter.
In addition, it expects operating margins to be 200 to 300 basis points higher than the comparable quarter last year.
Previously, the company had indicated that consolidated revenue growth would range from the high teens to low twenties percent and that operating margins would be slightly lower than the first quarter of fiscal 2006.
Luxury firm Polo Ralph Lauren said it is setting up a new group called Global Brand Concepts (GBC), which will develop new lifestyle brands for specialty and department stores....
Mary P Kwan has joined Goody's Family Clothing, the moderate family apparel chain, as president....
Concept One Accessories will end 2006 with its fourth, and largest, acquisition of the year in place....
Doug Pecore has joined Lacoste USA as vice president of wholesale....
The European Commission has again refused to give Belarus free access to the European Union (EU) market for textiles and clothing because of its much-rebuked human rights record....
Luxury retailer Polo Ralph Lauren is taking its 'window shopping' experience to its Michigan Avenue Flagship store, allowing customers to shop from outside the store twenty-four hours a day....
David Cunningham has joined The Warnaco Group Inc as president its Chaps division....
Seven major US apparel companies are calling on the Philippine government to take steps to protect striking textile workers in the country's Cavite Export Processing Zone....
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