Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers

February 4, 2016 By publisher

Ralph Lauren's stock fell 18 percent, touching a more than five year-low of $94.02. Kohl's said it discounted heavily in the quarter, hurting margins, as it worked to clear inventories, after a slow start to the winter season led people to spend less on sweaters, gloves and coats. Ralph Lauren said it would aggressively try to clear inventories in the March quarter.

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Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers

Filed Under: Latest News Tagged With: action, avowed-search, five-year-low, growth-plans, hurting-margins, lauren, plate, quarter, retailers, slow-start, spend-less, stock-fell, the-winter, vecchio

Succession issue looms large at world’s top glasses maker

February 4, 2016 By publisher

Positions are not being filled, two of the sources said, complicating Del Vecchio's avowed search for a second-line manager from within to step up to the plate. Del Vecchio has pledged to develop e-commerce, where the company lags, investment that could hit profitability. Luxottica has ambitious growth plans and a reputation for top-notch managers.

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Succession issue looms large at world’s top glasses maker

Filed Under: Latest News Tagged With: action, avowed-search, being-filled, diego, growth-plans, plate, retailers, sources, the-sources, vecchio