Ralph Lauren Plans To Open Flagship Store In China.

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< p > RalphLauren said that the first flagship store for women's Polo brand will be opened in New York later this month. In addition, a new flagship store of 20000 square feet, or 1858 square meters, will be opened up in the blocked development of Greater China.

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< p > American luxury group Ralph Lauren Corp. (NYSE:RL) Ralph Lauren released its first quarter earnings before the first quarter of June 28, 2014, earning $1.80 per share over the first quarter of June 28, 2014, exceeding analysts' average expectations of $1.75, but the income of $1 billion 708 million was worse than analysts' average forecast of $1 billion 730 million.

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P RalphLauren, chief executive of the group, expressed satisfaction with its first quarter results and said it "proved that we have made the right strategic decisions and investments to support our long-term development goals".

Ralph Lauren said the new flagship store for women's Polo brand will open in New York later this month. In addition, a 20000 square foot, 1858 square meter new flagship store will also be opened up in the blocked development of Greater China.

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< p > the first quarter Ralph Lauren Corp. Ralph Lauren earnings per share fell 7.2%, from 1.94 US dollars in the same period last year to 1.80 US dollars, net profit fell 10.5% to 162 million US dollars, compared with 181 million US dollars in the same period last year.

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In the first quarter of June 28, 2014, the net income of Ralph Lauren Corp. increased by 3.3% to US $1 billion 708 million, compared with us $1 billion 653 million in the first quarter of June 28, 2014, including double-digit growth in the international market and e-commerce channels.

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< p > according to the channel, the wholesale income of Ralph Lauren Corp. Ralph Lauren dropped by 3.7% to 708 million US dollars in the first quarter, a decrease of 27 million US dollars compared with 735 million US dollars a year earlier; retail channel revenue grew 9.2% to 960 million US dollars, a year earlier, 879 million US dollars, same store sales increased 3%, fixed exchange rate increased 1%; agency income increased from 39 million US dollars to 40 million dollars.

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The gross profit rate of P > Ralph Lauren Corp. rose to 30 basis points to 61%, gross profit increased by 3.9%, from 1 billion 4 million US dollars to 1 billion 43 million US dollars in the same period of last year; operating profit fell 11.6%, from 276 million US dollars in the same period of last year to 244 million US dollars, and the profit rate of the business fell by 240 basis points to 14.3%. The company indicated that the decline of operating profit rate was mainly affected by the strategic influence of a href= "//www.sjfzxm.com/news/index_c.asp" > investment < /a >, and the repurchase of agency rights for the Chaps brand men's sports business; the first quarter operating expenses rose from $728 million to $799 million from the same period of last year to $799 million, mainly in expansion investment.

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In the first quarter of June 28, 2014, Ralph Lauren Corp. Ralph Lauren operated 436 direct outlets, including 140 Ralph Lauren brand outlets, 61 Club Monaco brand outlets and 235 Polo factory stores, which closed 67 from 503 in the same period last year, P.

In addition to direct battalion, the group also has 65 Ralph Lauren brand stores, 17 franchised stores and 110 Club Monaco brand shops operated by agents.

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< p > Ralph Lauren Corp. Ralph Lauren maintained revenue growth of 6%-8% in the 2015 fiscal year, expecting a decrease of 75-125 basis points in operating profit margin; expected revenue growth in the two quarter was 4%-6%, and operating profit fell 200 to 250 basis points.

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< p > by the expected operating profit margin, < a href= "//www.sjfzxm.com/news/index_h.asp" > Ralph Lauren < /a > Corp. (NYSE:RL) shares fell 2% before the stock market, the stock has fallen more than 10% so far this year.

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