Ralph Lauren Hikes Annual Sales Forecast on Strong Demand for High-end Apparel

A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
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Ralph Lauren Hikes Annual Sales Forecast on Strong Demand for High-end Apparel

A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid

Ralph Lauren raised its annual sales forecast after topping quarterly revenue estimates on Thursday, on steady demand for its cable-knit sweaters and Oxford shirts in North America, Europe and China, sending shares of the company 6% up in premarket trading.
Wealthy customers continue to splurge on high-end leather handbags and Polo sweat-shirts, boosting demand across Ralph's direct-to-customer channels and helping it counter a muted wholesale business and soft e-commerce sales in North America.
The results are in contrast to a pullback in the broader luxury sector, primarily in the key China market, which has hurt larger European fashion houses such as Hugo Boss, Kering and luxury bellwether LVMH.
The Club Monaco owner now expects fiscal year 2025 revenue to increase about 3% to 4% compared with a prior forecast of a 2% to 3% rise.
The luxury retailer's net revenue rose 6% to $1.73 billion in the second quarter ended Sept. 28 from a year earlier. Analysts on average had expected revenue of $1.68 billion, according to data compiled by LSEG.



Christian Dior ‘Designer of Dreams’ Exhibition Opens in Riyadh

Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
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Christian Dior ‘Designer of Dreams’ Exhibition Opens in Riyadh

Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA

The "Christian Dior: Designer of Dreams" exhibition was officially inaugurated by Faisal Bafarat, CEO of the General Entertainment Authority, at the Saudi National Museum, as part of the Riyadh Season festivities.
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors, showcasing iconic designs from 1947 to the present day.
A standout feature of the exhibition is a section inspired by the AlUla oasis, a historical treasure in the Madinah region. The section captures the natural beauty of the desert with designs that reflect the sun's golden rays over the dunes, seamlessly blending heritage with contemporary sophistication. Visitors can also enjoy the event's "Dior Café," adding elegance to the experience.
The exhibition presents a rare opportunity for fashion and art enthusiasts to explore the rich history of one of the world's most celebrated fashion houses.