American luxury brand Ralph Lauren announced a one per cent increase in third-quarter sales to USD1.8bn, beating out prior expectations, with positive sales growth across all regions.
The New York-based company said Asia revenue in the third quarter increased one per cent to USD386M on a reported basis and 16 per cent in constant currency, with the Chinese mainland up high-single digits.
Comparable store sales in Asia increased eight per cent, with a seven per cent increase in brick-and-mortar stores and a 21 per cent increase in digital commerce.
“Our core consumer remains resilient and our iconic products are resonating around the world — evidenced by our strong third quarter and year-to-date performance,” said Patrice Louvet, President and Chief Executive Officer.
