Ralph Lauren sees revenue grow for European region in Q2
Source: Mintel 08-11-2019

International 08-11-2019

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Luxury goods retailer Ralph Lauren Corporation Q2 fiscal 2020 revenue increased by 1% to $1.7 billion on a reported basis and was up 2% in constant currency. Revenue growth in Europe and Asia offset a decline in North American revenue.

Europe revenue in the second quarter increased 3% to $480 million on a reported basis and 8% in constant currency. In retail, comparable store sales in Europe were up 3%, driven by a 2% increase in bricks and mortar stores and a 13% increase in digital commerce. European wholesale revenue increased 2% on a reported basis and 7% in constant currency.

Revenue growth was driven by a continued focus on brand elevation and creating immersive lifestyle experiences. Second quarter highlights included its September fashion show, Ralph’s Club featuring Janelle Monáe, Wimbledon and US Open tennis partnerships, and Goodwood Revival experiences in the UK.