Polo Ralph Lauren Shows 51.6% Profit and Revenue Growth Thanks to Asians

Polo Ralph Lauren Shows 51.6% Profit and Revenue Growth Thanks to AsiansImage Courtesy of George Chinsee

In the third quarter earnings, Polo Ralph Lauren rose 51.6% to $168.4 million from last year, posting double-digit percentage gain. “Our exceptional third quarter and year-to-date results confirm we are gaining substantial and profitable market share around the world,” Roger Farah, president and chief operating officer told WWD. “We are clearly picking up substantial market share in the United States and in Europe,” he added. Asians aren't just shopping at the outlets anymore,  as he also mentioned to WWD that “The Asian customer is driving a large part of the growth in the luxury market, both at home and abroad.”

[via WWD]

 

Tags: Polo-Ralph-Lauren
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