financetom
Business
financetom
/
Business
/
Ralph Lauren raises annual revenue forecast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ralph Lauren raises annual revenue forecast
Feb 6, 2025 5:36 AM

Feb 6 (Reuters) - Ralph Lauren ( RL ) raised its annual

revenue forecast on Thursday, betting on more younger shoppers

picking up its spring collection of dresses, skinny cuffed

trousers and floral dinner jackets.

Unlike European fashion houses LVMH, Hugo Boss

and Kering, Ralph Lauren ( RL ) has enjoyed strong

demand as efforts to invest in brands such as Polo and Purple

Label helped pull in wealthy shoppers, especially from the

younger demographic.

Ralph Lauren ( RL ) has also posted strong sales in China over the

past nine quarters, as an e-commerce expansion on Douyin and the

opening of full-price stores boosted demand for its clothing.

The company now expects 2025 revenue to increase between 6%

and 7%, compared with its prior forecast for a 3% to 4% rise.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by

Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Goldman CEO: Bank dropped diversity, inclusion mention as 'we have to communicate differently'
Goldman CEO: Bank dropped diversity, inclusion mention as 'we have to communicate differently'
Mar 3, 2025
SYDNEY, March 4 (Reuters) - Goldman Sachs ( GS ) dropped a section dedicated to diversity and inclusion from its annual filing to comply with U.S. law but continues to believe that diverse talent and meritocracy are not mutually exclusive, its CEO told a conference in Australia. With some of the changes given (with) the executive orders, and law, we...
Japan's ispace eyes second moon landing attempt on June 6
Japan's ispace eyes second moon landing attempt on June 6
Mar 3, 2025
TOKYO, March 4 (Reuters) - Japanese moon exploration company ispace said its Resilience lander will attempt a lunar touchdown at 4:24 a.m. on June 6 local time (1924 GMT on June 5) at the earliest, in its second attempt after the first shot failed in April 2023. It would follow the successful moon landing on Sunday of U.S. company Firefly...
Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'
Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'
Mar 3, 2025
SYDNEY (Reuters) -U.S. President Donald Trump's decision to impose tariffs is part of a plan to level the playing field that he views as unfair, but the end result remains uncertain, Goldman Sachs ( GS ) chair and CEO David Solomon told a conference in Australia. The president firmly believes that there are imbalances with respect to how trade exists,...
Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'
Goldman Sachs CEO says Trump tariffs are part of a plan to 'level the playing field'
Mar 3, 2025
SYDNEY, March 4 (Reuters) - U.S. President Donald Trump's decision to impose tariffs is part of a plan to level the playing field that he views as unfair, but the end result remains uncertain, Goldman Sachs ( GS ) chair and CEO David Solomon told a conference in Australia. The president firmly believes that there are imbalances with respect to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved