For the first quarter ending May 1, RH just announced record results, with net revenues increasing 78% from $482.9 million last year to $860.8 million this. Looking out over the rest of the year, CEO Gary Friedman expects fiscal 2021 to end up 25% to 30%, raising its previous outlook in the 15% to 20% […]
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RSS feed for this sectionThree Years Into Its Turnaround Plan, Ralph Lauren Takes a Big Step Backwards
Almost exactly three years ago, Ralph Lauren Corp’s CEO Patrice Louvet announced an ambitious strategic growth plan, called “Next Great Chapter.” Two years in, it showed modest success, then Covid hit and the bottom fell out. Now the company’s revenues are at levels passed by in 2007. Ralph Lauren faces a long steep climb back […]
Tapestry’s Coach Rebounds, Thanks to Data Discipline and Accessible Luxury Positioning
Tapestry gave a stellar performance in third quarter 2021, reporting revenues reached $1.28 billion, advancing 19% from $1.07 billion same quarter last year. On the news, TPR stock ended the week up 5% to $49.12, just pennies shy of its 52-week high of $49.66. Corporate results lagged slightly behind $1.33 billion reported in 3Q2019 due […]
Luxury Brands and China: An Increasingly Risky Dependency
LVMH just came out with a strong first quarter 2021 report, reassuring industry watchers that the Covid pandemic is finally in the rearview mirror for the luxury market. Total revenues reached €14 billion, nearly equal to $17 billion, with organic revenue growth over same period last year up 30%, excluding currency fluctuations and its acquisition of […]
5 Challenges Every Home Brand Must Overcome To Grow in the U.S. Market
Everyone has heard the adage, “The bigger the challenges, the greater the opportunity,” but often the reverse is true too: The bigger the opportunity, the greater the challenges. Both apply for home brands that aim to grow in the U.S. consumer market. “A modicum of success in the U.S. is the most common and ultimately […]