Haute 100 Update: Ralph Lauren’s Third Quarter Profit Up 27 Percent
It looks like winter weather inspires shoppers to flock to Ralph Lauren stores. The designer clothing company posted a 27 percent increase in its fiscal third-quarter profit, reports the Associated Press.
“Our third-quarter performance is a testament to the enduring appeal of our brand and the dedication of our passionate team,” Ralph Lauren, chairman and CEO, said in a statement. “Our orientation as a design-led, marketing and merchandising organization has enabled us to deepen our connection with our customers, particularly as we expand our portfolio of products and lifestyle sensibilities.”
The New York-based company said it earned $215.7 million in the three months, which ended Dec. 29. The company took in $169 million only one year earlier.
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