Ralph Lauren's Latest Quarterly Earnings Exceeded Expectations.

Ralph Lauren company Announcing a reduction in growth expectations for the 2015 fiscal year: fixed exchange rate, the company's latest fiscal year will reach 6% to 8% growth targets; however, due to the adverse exchange rate effect, the growth rate will be only 5% to 7% according to the real exchange rate.

According to reports, the sales revenue of Ralph Lauren increased by 4% to 1 billion 994 million US dollars in the second quarter of fiscal year 2015 ending September 27th, reaching a double-digit growth year on year.

The company's growth was mainly supported by its retail sales, an increase of 7% to $1 billion 10 million over the same period, while the wholesale sector rose by 1.6% to $943 million, and the authorized business grew by 2%, bringing 45 million US dollars in revenue.

However, the growth of retail business is mainly driven by new stores, including the newly opened Polo store on Fifth Avenue in New York, the first male and female flagship store opened in Greater China, while the same store sales rose by only 1% over the same period last year.

Jacki Nemerov, chief operating officer of Ralph Lauren, said: the main driving force for growth comes from international business and e-commerce. Profitability is higher than expected - operating profit margin has increased to 14.4%, and gross profit margin has increased from 56.6% to 56.8%.

By the end of last quarter, the company had 448 direct outlets, including 143 Ralph Lauren stores and 32 Club Monaco stores, and more than 243 Polo factory stores.

The company also has 494 department store counters worldwide, as well as distributors around the world, including 65 Ralph Lauren and 110 Club Monaco.

　 Lululemon founder wife founded Kit and Ace brand

Lululemon Athletica Inc founder ChipWilson's wife Wilson and her son J.J co founded the Kit and Ace brand. capital Supported by the Wilson family, the main purpose of this technology is to create a cashmere material casual wear. Kit and Ace is mainly based on simple modeling, and its color is mainly black. white Jun blue and gray do not know if they can emulate the success of Lululemon. The Kit and Ace brand was established in July. It plans to open 5 new stores in the North American market in November, and expand the number of general store shops to 100 in 2019 to enter Australia, Asia and the European market.

Shannon Wilson said that if you could find a suitable partner, the process of global expansion will accelerate. What she has always wanted to find is the high quality fabric made of sportswear. The lack of global market in this field has created the brand of Kit and Ace, with the core of technical cashmere material.