{"id":9057,"date":"2018-06-08T10:03:43","date_gmt":"2018-06-08T14:03:43","guid":{"rendered":"http:\/\/www.garmento.net\/?p=9057"},"modified":"2018-06-08T14:23:21","modified_gmt":"2018-06-08T18:23:21","slug":"ralph-lauren-looks-to-write-next-great-chapter-with-new-strategic-growth-plan","status":"publish","type":"post","link":"http:\/\/www.garmento.net\/de\/ralph-lauren-looks-to-write-next-great-chapter-with-new-strategic-growth-plan\/","title":{"rendered":"Ralph Lauren looks to write \u201cnext great chapter\u201d with new strategic growth plan"},"content":{"rendered":"

Ralph Lauren looks to write \u201cnext great chapter\u201d with new strategic growth plan<\/h1>\n

June 7, 2018<\/span><\/p>\n

\n

New York-based Ralph Lauren Corporation unveiled its strategic growth plan and long-term financial outlook on Thursday, with focus placed on attracting a new generation of customers, targeted regional expansion and digital growth.<\/span><\/p>\n

<\/a>
Ralph Lauren presented its new strategic growth plan on Thursday – Instagram: @ralphlauren<\/span><\/figcaption><\/figure>\n

\u00a0<\/p>\n

The company revealed the plan, entitled \u201cWriting Our Next Great Chapter\u201d, at a meeting with investors and analysts, presenting the five strategic priorities that Ralph Lauren will be following in the coming years. As well as engaging new generations, leading with digital and targeting expansion by region and channel, the plan\u2019s main strategic focus also covers energizing core products and underdeveloped categories, and driving growth through disciplined operations.<\/span>
\n\u00a0<\/span>
\n\u201cWe are confident that with our clear strategic plan in place, we can return Ralph Lauren to sustainable long-term growth and value creation,\u201d said Ralph Lauren President and CEO Patrice Louvet in a release. \u201cWe are building on a solid foundation, starting with our iconic Ralph Lauren brand, our engaged global organization and a strong balance sheet. By putting the consumer back at the center of our business, elevating and energizing our brands and balancing productivity with growth, we\u2019ll be well-positioned to deliver our next great chapter.\u201d<\/span>
\n\u00a0<\/span>
\n\u201cAs we reflect on 50 years, I am so energized by the work we are doing to build the future for our Company and iconic brand,\u201d added the brand\u2019s Executive Chairman and Chief Creative Officer Ralph Lauren. \u201cWith a clear plan, Patrice\u2019s leadership and our dedicated, passionate teams all over the world, we are reigniting the entrepreneurial spirit that is at the heart of our heritage and culture.\u201d<\/span>
\n\u00a0<\/span>
\nThe company also reported its long-term financial outlook for the next five years, revealing that it expects revenue to grow at a compounded annual growth rate of low to mid-single digits in constant currency from fiscal 2018 to fiscal 2023. The company also aims to see a return to revenue growth by 2020.<\/span><\/p>\n

Operating margin is anticipated to expand to mid-teens by Fiscal 2023, in constant currency.<\/span>
\n\u00a0<\/span>
\nRalph Lauren\u2019s Board of Directors also approved the company\u2019s 2019 fiscal restructuring plan, which is expected to result in $100-$150 million\u2019s worth of charges but assure around $60-$80 million in gross annualized expense savings.<\/span>
\n\u00a0<\/span>
\nRalph Lauren topped analysts\u2019 expectations and\u00a0reported earnings of $41.3 million in the fourth quarter ended March 23, 2018, with net sales falling 2.3% to $1.53 billion and same-store sales slipping 1%.<\/span><\/p>\n<\/div>\n

<\/div>\n

Courtesy of \u00a9 2018 FashionNetwork.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ralph Lauren looks to write \u201cnext great chapter\u201d with new strategic growth plan June 7, 2018 New York-based Ralph Lauren Corporation unveiled its strategic growth plan and long-term financial outlook on Thursday, with focus placed on attracting a new generation of customers, targeted regional expansion and digital growth. Ralph Lauren presented its new strategic growth…<\/p>\n","protected":false},"author":1,"featured_media":9069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"translation":{"provider":"WPGlobus","version":"2.10.7","language":"de","enabled_languages":["en","es","de","fr","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/posts\/9057"}],"collection":[{"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/comments?post=9057"}],"version-history":[{"count":6,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/posts\/9057\/revisions"}],"predecessor-version":[{"id":9073,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/posts\/9057\/revisions\/9073"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/media\/9069"}],"wp:attachment":[{"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/media?parent=9057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/categories?post=9057"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.garmento.net\/de\/wp-json\/wp\/v2\/tags?post=9057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}