Ralph Lauren to cut about 1,000 jobs and shut shops

June 7, 2016 By publisher

Shares of Ralph Lauren, which also forecast declines in full-year and first-quarter revenue, fell as much as 10.4 percent to $86.32 in early trading on Tuesday. Ralph Lauren, like some other luxury brands, has been struggling amid sluggish spending on luxury apparel and accessories. Ralph Lauren said on Tuesday it would try to reduce the time taken to get new products to shelves to nine months from 15.

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Ralph Lauren to cut about 1,000 jobs and shut shops

Filed Under: Latest News Tagged With: 10-4-percent, fashion-house, fell-as-much, italian, jeremy-scott, luxury, other-luxury, ralph, ralph-lauren, said-on-tuesday, scott, time-taken, tuesday, tuesday-ralph

Valeant Pharmaceuticals tumbles; Ralph Lauren job cuts; Zillow to pay $130M to settle lawsuit

June 7, 2016 By creative

Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

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Valeant Pharmaceuticals tumbles; Ralph Lauren job cuts; Zillow to pay $130M to settle lawsuit

Filed Under: Latest News Tagged With: 10-4-percent, fashion-house, fell-as-much, finance, italian, jeremy-scott, luxury, other-luxury, ralph, ralph-lauren, said-on-tuesday, scott, tuesday-ralph

Struggling Ralph Lauren Tries to Fashion a Comeback

June 7, 2016 By publisher

When he sat down for dinner at Sette Mezzo on Manhattan’s Upper East Side, Ralph Lauren had been deliberating for months over what to do about his faltering business. The market value of Ralph Lauren Corp. now hovers around $8 billion, down from $16 billion three years ago. Stefan Larsson was in some ways an odd choice.

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Struggling Ralph Lauren Tries to Fashion a Comeback

Filed Under: Latest News Tagged With: 10-4-percent, been-the-global, decor-empire, fashion, global, italian, jeremy-scott, office, ralph-lauren, sette-mezzo, stepping-down, upper-east, york-lauren