|Bid||33.300 x 342600|
|Ask||33.570 x 122100|
|Day's Range||33.235 - 33.570|
|52 Week Range||29.830 - 36.900|
|PE Ratio (TTM)||31.97|
|Dividend & Yield||0.35 (0.92%)|
|1y Target Est||N/A|
Ralph Lauren Corp reported better-than-expected quarterly results and said it would pull back more inventory from department stores as it tries to keep a tight leash on discounting under its new Chief Executive Patrice Louvet. Ralph Lauren's profit beat comes at a time when the company has been keeping a razor-like focus on its inventory in an industry battered by sluggish spending and competition from online and fast-fashion retailers. In a bid to regain its brand cachet, the company will pull back inventory from 20 to 25 percent of U.S. department stores during the second half of the year.
Amazon, TJX, and Inditex are all flourishing as older retailers struggle to stay relevant.
H&M reported weaker-than-expected second quarter sales Thursday, increasing investor concern that the fashion retailer will struggle to gain ground against its ever-expanding rival Inditex SA IDEXY .