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Ralph Lauren Exceeds Profit Expectations for 14th Straight Quarter

Net revenue for its fiscal third quarter went up 6 percent to $1.93 billion.




Ralph Lauren Exceeds Profit Expectations for 14th Straight Quarter
PHOTOGRAPHY: iStock/mizoula

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.



Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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