Retail Industry
Industry: Email Alert RSS FeedPOLO PROFITS JUMP 13.7% IN FIRST QUARTER; FIRM ATTRIBUTES STRONG SHOWING TO SOLID WHOLESALE, RETAIL SELL-THROUGHS.(Brief Article)
Daily News Record, August, 1999 by EDELSON, SHARON; RYAN, THOMAS J.
NEW YORK -- Polo Ralph Lauren Corp. seems to be firing on all cylinders.
The company's first-quarter results, reported Tuesday, demonstrate self-discipline in the form of aggressive expense and inventory controls as well as robust sell-throughs on both the wholesale and retail sides of the business.
The only exception was same-store sales, which declined 2 percent. However, Wall Street analysts did not seem too concerned, noting that the Ralph Lauren retail division does about $700 a square foot in annual sales, which exceeds the industry average.
Earnings handily surpassed estimates, climbing 13.7 percent in the quarter ended July 3, to $24.1 million, or 24 cents a share, from $21.2 million, or 21 cents, a year ago.
The...
Most Recent Reference Articles
- ARAB EUROPEAN RELATIONS - Dec 22 - Russia Denies Selling Missile System To Iran
- EGYPT - Dec 29 - Opposition Says Mubarak Blessed Israeli Attacks
- ARAB AFFAIRS - Dec 22 - Syria Will Eventually Move To Direct Talks With Israel
- ARAB AFFAIRS - Dec 30 - GCC Denounces Massacre
- ARAB ISRAELI RELATIONS - Israel Issues An Appeal To Palestinians In Gaza
Most Recent Reference Publications
Most Popular Reference Articles
- How Tyler Perry rose from homelessness to a $5 million mansion
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- Free Sex Change? Move To Idaho - Brief Article
- Vickie Winans: at home with the gospel star who lost 75 pounds and reenergized her career
- BEST HAIR SALONS in DALLAS, The
