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Search resuls for: "Deborah Mary Sophia Uday Sampath Kumar"


2 mentions found


☆ Coach, Ralph Lauren sales boosted by big spending young shoppers
  + stars: | 2023-02-09 | by ( Deborah Mary Sophia Uday Sampath Kumar | Deborah Mary Sophia | Uday Sampath Kumar | ) www.reuters.com   time to read: +2 min
Younger shoppers snapping up its sweatshirts, knitwear and Polo line of products also drove results beat at luxury peer Ralph Lauren Corp (RL.N). "The Coach brand has done a lot of work to reposition itself as a premium brand that appeals to a younger consumer," Raymond James analyst Rick Patel said. "Tapestry appears to be executing better for its Coach brand than Capri is for Michael Kors," Patel added. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, beating estimates of $1.76 billion. Both Tapestry and Ralph Lauren took a hit in China due to a resurgence of COVID-19 infections, but demand is returning, the companies said.
☆ Kanye West seeks to end apparel partnership with Gap
  + stars: | 2022-09-15 | by ( Deborah Mary Sophia Uday Sampath Kumar | Deborah Mary Sophia | Uday Sampath Kumar | ) www.reuters.com   time to read: +2 min
The company can sell existing Yeezy Gap stocks until the sell-off period, the letter said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand. 1/2 Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Ties between West and Gap have been increasingly strained recently. Gap has been struggling to protect margins and pull in sales, blaming inflation and outdated styles at its Old Navy brand.
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