Ralph Lauren (New York) has reportedly exceeded its profit expectations for the 14th straight quarter, according to Reuters. The retailer cites strong holiday sales in the U.S. (driven by demand for cashmere, coats, sweaters and cocktail dresses) alongside a rebound of sales in China – with sales growing more than 30 percent there.
CEO Patrice Louvet said on post-earnings call, “The momentum we have on brand is attracting higher-value, younger consumers.” Indeed, this was the company’s strongest quarter when it came to customer acquisition, with 1.7 million new shoppers added to its direct-to-consumer business.
Net revenue for the retailer went up 6 percent to $1.93 billion for the fiscal third quarter, exceeding expectations of $1.87 billion.
After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.
When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”