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Ralph Lauren’s Wholesale Division Had a Dismal Fourth Quarter in North America

Ralph Lauren’s new president and chief executive officer, Stefan Larsson, has his work cut out for him.

Profits at the iconic Americana brand tumbled from $124 million to $41 million in the fourth quarter as its wholesale division experienced a 6 percent decrease in sales to $942 million, mostly due to a decline in North America, while consolidated comparable store sales fell 6 percent.

But on the bright side, licensing revenue was up 8 percent to $40 million in the three months ended April 2, reflecting higher royalties from increased sales of Ralph Lauren, Polo Ralph Lauren and Lauren products worldwide.

 

Read more at Sourcing Journal.

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