Home / Knowledge / News / Fashion / Footwear business is growing nicely at Polo Ralph
Footwear business is growing nicely at Polo Ralph
04
Feb '10
Polo Ralph Lauren Corporation reported net income of $111 million, or $1.10 per diluted share, for the third quarter of Fiscal 2010, compared to net income of $105 million, or $1.05 per diluted share, for the third quarter of Fiscal 2009.

Net income for the first nine months of Fiscal 2010 rose 1% to $365 million from $362 million in the comparable period last fiscal year. Net income per diluted share of $3.60 in the first nine months of Fiscal 2010 was also 1% greater than the $3.56 reported in the prior year period.

"The global momentum of our brands and products is evident in today's strong results," said Ralph Lauren, Chairman and Chief Executive Officer. "Customers appreciate our unwavering commitment to quality and innovation, which are defining characteristics of our Company. Our continued focus on our longer-term strategies has served us well. We've made excellent progress with our accessories efforts; our footwear business is growing nicely, we've opened several watch salons around the world and we've greatly enhanced our handbag and small leathergoods collections. We are also beginning an exciting new journey in Asia - an important part of our long-term vision - and we have a superb team and a track record of success to guide us," Mr. Lauren added.

"We had a strong holiday season and I am proud of the quality of our third quarter and year to date results," said Roger Farah, President and Chief Operating Officer. "Our exceptional merchandising strategies, which were complemented by disciplined operational and inventory management, enabled us to gain profitable market share worldwide. Having assumed direct control of our operations in key Asian markets on January 1, 2010, we are now focused on driving growth in this dynamic region, particularly as we expand distribution and introduce new product categories. While we are cautious regarding global consumer spending trends, we remain committed to our strategic investments in broadening our international presence and expanding our direct to consumer reach."

Click here for more details.

Polo Ralph Lauren Corporation


Must ReadView All

UK, EU agree to take more time for Brexit deal

Textiles | On 19th Oct 2018

UK, EU agree to take more time for Brexit deal

After an ongoing Brexit summit produced no tangible results, European ...

Courtesy: Pexels

Textiles | On 19th Oct 2018

US announces intent for trade deals with Japan, EU, UK

US Trade Representative Robert Lighthizer recently notified the...

Courtesy: Turtle Limited

Fashion | On 19th Oct 2018

'We are trying to imbibe multi-utility factor in menswear'

Turtle Limited, a leading Indian brand in menswear fashion, is trying ...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search