Latest news with #RalphLaurenCorporation
Business Wire
8 hours ago
- Business
- Business Wire
Ralph Lauren Announces Updates to Board of Directors
NEW YORK--(BUSINESS WIRE)--Ralph Lauren Corporation (NYSE: RL) today announced that, as part of its Board of Directors evolution strategy, it has approved the appointment of Angela Ahrendts as new Lead Independent Director following the Company's 2025 Annual Meeting of Shareholders. Ahrendts has served on the Ralph Lauren Board since August 2018 and is currently the Finance Committee chair and a member of the Nominating, Governance, and Sustainability Committee. Ahrendts succeeds Hubert Joly, who, after 16 years of service, will not seek reelection to the Company's Board of Directors. Joly was appointed to the Ralph Lauren Board in June 2009 and has served as Lead Independent Director since 2021. He currently sits on the Talent, Culture & Total Rewards and Finance Committees. Joly played a key role in the Board's evolution, resulting in its broadened diversity of backgrounds, skills and experiences. 'Hubert has been an integral part of our board and has been instrumental in guiding and supporting our strategy, while embodying the passion and dedication that define our brand. We are grateful for his unwavering support and thoughtful leadership as well as the care he has shown for our Company and our teams,' said Ralph Lauren, Executive Chairman and Chief Creative Officer. 'Angela has consistently offered valuable guidance and brought her perspective as a respected innovator in the industry. We look forward to continuing to benefit from her leadership and contributions as our new Lead Independent Director,' Ralph Lauren added. 'We are proud to have a Board comprised of deep, unique and differentiated experiences, all of which continue to contribute to our strength and durability as a business. I am grateful for Hubert's guidance over the years, particularly in helping drive our Company's performance and transformation and I look forward to working closely with Angela in her expanded role,' said Patrice Louvet, President & Chief Executive Officer. With Mr. Joly's departure, the Ralph Lauren board will be comprised of 11 directors. Ms. Ahrendts's appointment as the new Lead Independent Director will be effective following her re-election as a director at the 2025 Annual Meeting of Shareholders, taking place on Thursday, July 31, 2025. ABOUT RALPH LAUREN CORPORATION Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing, and distribution of luxury lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. For nearly 60 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Its reputation and distinctive image have been developed across a wide range of products, brands, distribution channels, and international markets. The Company's brand names — which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps, among others — constitute one of the world's most widely recognized families of consumer brands. For more information, go to
Yahoo
29-05-2025
- Business
- Yahoo
Jim Cramer Agrees That Ralph Lauren (RL) is 'Timeless'
We recently published a list of . In this article, we are going to take a look at where Ralph Lauren Corporation (NYSE:RL) stands against other stocks that Jim Cramer discusses. Cramer highlighted that Ralph Lauren Corporation (NYSE:RL) was among the companies that showed Wall Street its 'best stuff' when it reported its quarterly earnings. 'I want to highlight to you three retailers that reported excellent quarters in just the last couple of days, and only one was recognized as fabulous, that's Urban Outfitters. One's holding on with its fingertips, that's RL, Ralph Lauren. And then a third, TJX, that's getting sold off, yet presents, I think, now the best buying opportunity… A man and woman in business attire walking down a street, bags of clothing in hand. Ralph Lauren (NYSE:RL) is a well-known brand that designs, markets, and sells lifestyle goods such as clothing, home products, and accessories. Overall, RL ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Retailers plug in AI to optimize costs as economic pressures mount
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Retail companies are leaning on AI and other technologies as pressures from tariffs and consumer spending patterns push businesses to optimize costs to stay competitive. With many retailers bracing for slower growth rates for the rest of the year as volatility continues, Ralph Lauren Corporation, Revolve Group and Williams-Sonoma are prioritizing investments in AI tools that they hope will mitigate economic headwinds and improve experiences for customers and employees. 'This is a time to stay on offense while remaining prudent and agile in how we allocate our resources,' Ralph Lauren Corporation President and CEO Patrice Louvet said during the company's Q4 2025 earnings call last week, citing AI, data and analytics as key pursuits. The company uses AI in a number of functions, including generative AI to enhance consumer navigation on its website, to help with problem resolution within contact centers and to accelerate predictive buying and allocation. 'With the recent tariff announcements, what we're doing is we're assessing and we're activating our various proven levers to offset the related impact,' CFO Justin Picicci said during the earnings call. 'These levers include … continuing to drive overall cost savings across the value chain and increasingly leveraging AI and analytics to enable even more efficient inventory planning.' Earlier this month, Ralph Lauren promoted Naveen Seshadri to global chief digital officer, following a short stint as global head of consumer technology and digital commerce in North America. The appointment aligned with the company's sustained focus on modernization, including an ERP overhaul and a three-year strategic growth initiative. Ralph Lauren plans for capital expenditures to reach up to 5% of its revenue in fiscal year 2026, representing ongoing investments in technology and AI, among other initiatives. The American fashion brand isn't alone in seeing AI as a lever to manage costs. Williams-Sonoma reaffirmed its goal of using AI to curb headcount in its latest financial report. 'From a cost perspective, we are committed to staying lean on headcount using AI tools to drive productivity gains in areas that make sense,' President and CEO Laura Alber said during the company's Q1 2025 earnings call last week. The retailer, which owns Pottery Barn and West Elm, is also using the technology across its digital platforms to create personalized emails and tailored homepages as it aims to become an AI leader in the industry, executives said. 'Our omni-channel capabilities are another core strength, and we are further optimizing them with AI,' Alber said during the call. 'This includes improvements in sales performance, cost efficiency and delivery speed.' While AI adoption strategies vary, most retailers are hoping their projects bring improved customer experience and support, better store layouts and enhanced inventory management, according to an Everseen report published in February. Online fashion retailer Revolve Group credited its AI efforts with providing greater visibility and awareness within customer service interactions. 'Our internal data science team has developed AI technology algorithms that now automatically transcribe customer service phone calls, providing greatly increased visibility into agent performance and greater awareness of customer issues,' co-founder and co-CEO Michael Karanikolas said during the company's Q1 2025 earnings call earlier this month. The company said it's still early days, but the potential for operational efficiency gains and customer service team training improvements is promising. Revolve Group is also refining its shopping experience with AI and is testing out a third-party virtual styling feature to elevate product discovery and reduce returns. While the retailer lowered its gross margin outlook for FY 2025, executives touted double-digit top-line growth during the quarter. 'We achieved these strong results while continuing to invest in key foundations for long-term success, including advancing our AI technology and personalization capabilities,' Karanikolas said. Karanikolas attributed 'huge gains' to AI and other technologies in the preceding quarters and said investments will continue. 'We think we have a lot of things that are working, a lot of investments that are going well,' Karanikolas said. 'We're always going to judge an investment on the basis of 'does the ROI on this investment look good?' rather than 'how does this investment affect the P&L statement for this current quarter?' Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Jim Cramer on Ralph Lauren (RL): 'It's Got a Lot More to Run'
We recently published a list of . In this article, we are going to take a look at where Ralph Lauren Corporation (NYSE:RL) stands against other stocks that Jim Cramer discusses. Ralph Lauren Corporation (NYSE:RL) was mentioned during the episode, and here's what Cramer had to say: 'This is a stock I recommended a little over a month ago on March 13th when it was trading at just $216 and change. Now it's back up to $274. I'm betting it continues to climb. Yesterday morning, Ralph Lauren reported what I thought was an excellent quarter, but the market couldn't figure out what to make of the numbers, and the stock turned into a roller coaster, ultimately finishing the session up three and a half bucks. The way I see it, the stock should have been up a lot more, but it was down a lot at one point… A man and woman in business attire walking down a street, bags of clothing in hand. Ralph Lauren Corporation (NYSE:RL) manufactures and sells a wide range of lifestyle products, including clothing, footwear, accessories, home goods, and fragrances, under various brand names. The company also operates restaurants and coffee shops in select cities. Overall, RL ranks 14th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Jim Cramer on Ralph Lauren (RL): 'It's Got a Lot More to Run'
We recently published a list of . In this article, we are going to take a look at where Ralph Lauren Corporation (NYSE:RL) stands against other stocks that Jim Cramer discusses. Ralph Lauren Corporation (NYSE:RL) was mentioned during the episode, and here's what Cramer had to say: 'This is a stock I recommended a little over a month ago on March 13th when it was trading at just $216 and change. Now it's back up to $274. I'm betting it continues to climb. Yesterday morning, Ralph Lauren reported what I thought was an excellent quarter, but the market couldn't figure out what to make of the numbers, and the stock turned into a roller coaster, ultimately finishing the session up three and a half bucks. The way I see it, the stock should have been up a lot more, but it was down a lot at one point… A man and woman in business attire walking down a street, bags of clothing in hand. Ralph Lauren Corporation (NYSE:RL) manufactures and sells a wide range of lifestyle products, including clothing, footwear, accessories, home goods, and fragrances, under various brand names. The company also operates restaurants and coffee shops in select cities. Overall, RL ranks 14th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
