Ralph Lauren Group Faces Loss Of Staff

Ralph Lauren is from the United States and has a strong American flavor.

Ralph Lauren's two brands, Poloby Ralph Lauren and Ralph Lauren, have pioneered the sales of high quality fashion in the world, constantly promoting the prestige of designer Ralph Lauren and the brilliant image of Ralph Lauren brand.

In the past year,

Ralph Lauren is facing a serious problem of internal turnover. Not only is the founder of Ralph Lauren resigned as CEO, but global brand President Christopher Peterson also announced her departure in May.

Today, Ralph Lauren senior executive, former women's clothing brand president and chief operating officer Cheryl Sterling will plan to leave.

According to the latest news, Ralph Lauren senior executive Cheryl Sterling will plan to leave.

She served as president and chief operating officer of Ralph Lauren women's wear series, and President of Ralph Lauren home series.

In the past year, she has been a consultant to the company.

But for the time being, Cheryl Sterling has not disclosed her future plans for the time being.

In addition, Ralph Lauren senior veteran Janet Scholder, 38, has resigned from the company.

In the past year, Janet Scholder has been a consultant to the company.

Previously, she served

Senior vice president, brand sales planning.

She plans to pursue other development opportunities.

Ralph Lauren, the founder of the brand, announced its resignation as CEO in September last year, and has appointed Stefan Larsson as its new CEO.

Although Ralph Lauren has pferred its operation responsibilities, it will still be the CEO and chief creative officer of the company.

Christopher Peterson, the group's global brand president, announced that it would resign from the company in May 31st this year.

Christopher Peterson will work closely with the group president and chief executive officer Stefan Larsson to hand over the work he is responsible for.

Those who would report to Christopher Peterson will report directly to group president and chief executive officer Stefan Larsson.

Due to the pformation of the company's operation mode, Ralph Lauren began layoffs in mid May last year, totaling at least 750 jobs.

The company is expected to take months to complete the pformation.

At present, the total market capitalization of the company is around us $9 billion. According to last year's data, the share price of Ralph Lauren has fallen by 44%.

According to the third quarter results of Ralph Lauren group, net profit fell by 39.1% from the US $215 million in the same period last year to 131 million US dollars in the first three months to December 26th, and diluted earnings per share declined from 2.41 US dollars to 1.54 US dollars in the same period last year.

The group's total revenue fell 4.3%, from 2 billion 30 million US dollars in the same period last year to 1 billion 950 million US dollars, while Wall Street's earlier forecast revenue was $2 billion 30 million, lower than expected.

Wholesale sales fell by 6.1% to $786 million, and retail sales fell by 3.1% to $1 billion 110 million.

Physical stores fell 7% year-on-year, and fell by 5% at a constant exchange rate.

At present,

It has 470 direct outlets, Ralph Lauren, Club Monaco and Polo factory stores, each of which has 148, 65 and 257 stores, and operates 504 franchise stores and 209 international authorized stores worldwide.