"I am exhilarated by the continued success of our company and the positive responses to our overall strategy and direction. We feel there is a clear path of growth for the future. Our focus on the world of luxury gives us endless opportunities to develop further movement in the men's, women's, children's, and home categories. We are constantly creating and refining new lines - Rugby, Lauren, childrenswear - all of which are doing well and growing rapidly," said Ralph Lauren, Chairman and Chief Executive Officer.
Mr. Lauren added, "The response to our new group, Global Brand Concepts, has been favorable and has tremendous possibilities. With our first client announced, and with work underway, the potential for this business is monumental."
"Our strategy to elevate the product and to refine our distribution channels continues to produce strong results. Our performance year-to-date is outstanding, as we delivered an 18% sales growth with a 33% increase in operating income while continuing to support growth initiatives for the future in luxury accessories, specialty retail, and denim," said Roger Farah, President and Chief Operating Officer.
"The range of our accomplishments has been dramatic. Throughout the quarter and first nine months we continued to develop new products, elevate the merchandising and presentation of our luxury brands, open new retail stores, and expand our brand internationally. All are in line with our long-term strategy, andwe have accomplished this with very high returns on our investments," Mr. Farah added.
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Polo Ralph Lauren Corporation, USA
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