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Classic luxury, which Ralph Lauren encapsulates, is resonating with Chinese consumers. "I've said it before but it bears repeating in a volatile environment, Ralph Lauren is firmly on offense," Patrice Louvet, the CEO of Ralph Lauren, said on a conference call with analysts on Thursday. Ralph Lauren classics like Polo shirts and cable-knit sweaters are a hit with Chinese consumers. Ralph Lauren targets Chinese consumers in six key cities and on local Chinese social media platforms. Sebastian Ng/SOPA Images/LightRocket via Getty ImagesWith its brick-and-mortar stores, Ralph Lauren has prospered by doing more with less.
Persons: Ralph Lauren, , Ralph Lauren's, I've, Patrice Louvet, Xi Jinping's, Neil Saunders, Edward Berthelot, Martin, Louvet, Ralph Lauren doesn't, Zers, Sebastian Ng, Olivia Plotnick, Roll, Donald Trump's, It's Organizations: Service, New, GlobalData, McKinsey, Getty, Wai, China Locations: Asia, China, New York City, China China, Tokyo, Seoul, Shanghai, Milan, China —, Beijing, Chengdu
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO on Paris Olympics: Incredible opportunity for us to showcase the brandRalph Lauren CEO Patrice Louvet joins 'Squawk Box' to discuss the company's Olympics exposure, state of the consumer, China demand, sports portfolio expansion, and more.
Persons: Ralph Lauren, Patrice Louvet Organizations: Paris Locations: China
CNBC's Jim Cramer sees Ralph Lauren as the name is apparel to own, given the strength of the company's timeless brand. Shares of Ralph Lauren rallied 14% after the premium apparel, accessories, and fragrance company delivered an upbeat quarter before the opening bell Thursday. "Don't just take this pop" in Ralph Lauren, Cramer said Thursday. It's not a one-and-done quarter for Ralph Lauren, Cramer said. Cramer said Ralph Lauren CEO Patrice Louvet has figured out how to keep consumers interested despite the global macro challenges that have weighed on consumers.
Persons: CNBC's Jim Cramer, Ralph Lauren, Cramer, It's, Estee Lauder, Patrice Louvet Organizations: CNBC, Club Locations: Asia, China
Ralph Lauren CEO: We are starting to plant seeds in India
  + stars: | 2024-01-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO: We are starting to plant seeds in IndiaRalph Lauren CEO Patrice Louvet joins 'Squawk on the Street' to discuss Louvet's outlook for Ralph Lauren this year, the global markets, and artificial intelligence.
Persons: Ralph Lauren, India Ralph Lauren, Patrice Louvet Locations: India
The hot word for CEOs on earnings calls is 'choiceful'
  + stars: | 2023-11-20 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +4 min
So far in 2023, choiceful has appeared in 15 quarterly earnings calls for S&P 500 companies, according to a CNBC analysis of FactSet transcripts. In 2021, only the CEOs of Molson Coors and McCormick said "choiceful" when speaking to investors on their quarterly conference calls. But the Oxford English Dictionary notes the earliest known use of the word in the late 1500s. These days, CEOs have used it to describe a consumer whose behavior has changed over the last two years. That's where "choiceful" comes in handy again.
Persons: Doug McMillon, choiceful, That's, McCormick, Laxman Narasimhan, it's, Ralph Lauren, Patrice Louvet, Molson Coors, Gavin Hattersley, we've, McDonald's Kempczinski Organizations: Walmart Inc . Corporation, Automation, Innovation, CNBC, Molson Coors, Webster, Oxford English, Consumers Locations: Washington , DC, Merriam, McDonald's
Ralph Lauren CEO Patrice Louvet goes one-on-one with Jim CramerRalph Lauren CEO Patrice Louvet sits down with 'Mad Money' host Jim Cramer to talk Ralph Lauren's recent stock moves, recent guidance, the state of the consumer and more.
Persons: Ralph Lauren, Patrice Louvet, Jim Cramer Ralph Lauren, Jim Cramer, Ralph
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're bringing in younger, higher-value customers, says Ralph Lauren CEO Patrice LouvetRalph Lauren President and CEO Patrice Louvet sits down with 'Mad Money' host Jim Cramer to talk Ralph Lauren's recent stock moves, recent guidance, the state of the consumer and more.
Persons: Ralph Lauren, Patrice Louvet Ralph Lauren President, Patrice Louvet, Jim Cramer, Ralph
Ralph Lauren CEO Patrice Louvet told CNBC's Jim Cramer on Thursday that even though the company didn't raise its full-year guidance in its Thursday report, he feels optimistic about the future and has faith in the brand's core consumer. Ralph Lauren's report saw revenue come in at $1.50 billion, topping the $1.48 billion consensus estimate, according to Refinitiv. However, the company failed to raise its full-year guidance, and its stock was down nearly 5% by Thursday's close. "There is a lot of volatility right now, there's a lot of uncertainty across the channels. Louvet stressed that Ralph Lauren is also focusing on high exposure and brand visibility, touting the celebrities that have appeared in its clothing such as Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham and Jill Biden.
Persons: Ralph Lauren, Patrice Louvet, CNBC's Jim Cramer, Ralph Lauren's, Thursday's, Louvet, Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham, Jill Biden Locations: oxford
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO on consumer spending: We're seeing them gravitating towards higher priced itemsRalph Lauren CEO Patrice Louvet joins CNBC's Andrew Ross Sorkin from the Aspen Ideas Festival to discuss consumer spending habits, whether consumers are trading down, marketing in today's landscape, and more.
Persons: Ralph Lauren, Lauren, Patrice Louvet, Andrew Ross Sorkin Organizations: Aspen Ideas
Ralph Lauren 's 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. Siegel suspects the decline of North American margins may be due to increased marketing spending, supply chain pressures, and consumer questions regarding the average selling price of items. BMO questions whether the current level of Ralph Lauren shares—which are close to pandemic peaks—can be sustained, given the changes in consumer spending during 2021. Shares for Ralph Lauren fell 3.23% in Friday premarket trading following the call. Ralph Lauren reports results on February 9.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer in the U.S., Europe and Asia continues to be solid, says RL CEORalph Lauren CEO Patrice Louvet joins 'Closing Bell' to discuss the company's financial outlook and where he's seeing opportunities for growth.
Ralph Lauren sells luxury at too steep a discount
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermidNEW YORK, Sept 19 (Reuters Breakingviews) - Ralph Lauren (RL.N) laid out a promising financial outlook for investors on Monday. Since 2018, Ralph Lauren has closed more than two-thirds of its wholesale business by halting sales to department stores such as Belk, slashed promotions and lifted its average unit price 60%. The House of Polo trades at 10 times expected 2025 net profit, per estimates on Refinitiv, compared to Burberry’s (BRBY.L) 15 times and Prada’s 20 times. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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