Model deepens roots in key North American market, with plans to increase additional in Canada in coming years
TORONTO & NEW YORK–(BUSINESS WIRE)–Ralph Lauren Company (NYSE:RL) as we speak introduced that it’s increasing in Canada with the launch of devoted digital commerce and the primary Ralph Lauren retailer within the nation. The shop, which not too long ago opened in Toronto’s Yorkdale Buying Centre, is the primary in a deliberate growth in Canada, constructing on the Firm’s current wholesale and outlet presence within the area. Toronto represents one of many Firm’s prime 30 cities focused for a complete omni-channel ecosystem growth globally.
At present, Ralph Lauren has 12 outlet shops in Canada in addition to a wholesale presence at key retailers, together with Hudson’s Bay, Sporting Life and Harry Rosen. The Firm plans to open plenty of Ralph Lauren shops throughout the nation within the coming years.
“Ralph Lauren’s ethos of timelessness and authenticity has impressed and linked with our Canadian shoppers for many years, and we’re excited to convey a extra holistic expression of our model to Canada,” stated Bob Ranftl, Regional Chief Govt Officer for North America at Ralph Lauren Company. “We stay up for serving our shoppers all through Canada with enhanced and elevated experiences that mirror our luxurious way of life standpoint.”
The brand new RalphLauren.ca web site will home Ralph Lauren’s full portfolio of iconic manufacturers, together with Purple Label, Ralph Lauren Assortment, Polo Ralph Lauren, Double RL and Lauren, throughout its breadth of Males’s, Girls’s and Childrenswear assortments in attire, equipment and footwear, along with choose Dwelling objects. The Firm is planning to launch the English model of its Canadian digital commerce web site on October 11. It can discover a future launch in Quebec with a French-language model.
The Ralph Lauren retailer options a mixture of Males’s Purple Label and Girls’s Assortment, in addition to a curated choice of Polo Ralph Lauren Males’s and Girls’s collections. Positioned on the bottom flooring of Yorkdale Buying Centre, one in every of Canada’s main retail locations, the shop additionally affords an array of devoted consumer providers, together with personal styling appointments, alterations & repairs and Made-to-Measure tailoring.
The shop’s design captures the Ralph Lauren model’s timeless spirit and brings it to life in a contemporary, subtle house. The daring, double-height façade, comprising of cherry wooden louvers and aged-bronze metallic, offers option to a up to date inside with brilliant, white partitions and a limestone flooring.
The Canadian digital commerce web site and new luxurious retailer construct on Ralph Lauren Company’s focused growth in North America, in addition to throughout Asia and Europe, as a part of its Subsequent Nice Chapter: Speed up technique to ship sustainable, long-term progress and worth creation. Guided by its a number of drivers of progress, the Firm is targeted on creating elevated client ecosystems by way of a strategic steadiness of flagship shops, intimate boutiques, shops, wholesale partnerships and digital platforms.
ABOUT RALPH LAUREN CORPORATION
Ralph Lauren Company (NYSE:RL) is a worldwide chief within the design, advertising and marketing and distribution of luxurious way of life merchandise in 5 classes: attire, footwear & equipment, dwelling, fragrances and hospitality. For greater than 50 years, Ralph Lauren has sought to encourage the dream of a greater life by way of authenticity and timeless fashion. Its popularity and distinctive picture have been developed throughout a variety of merchandise, manufacturers, distribution channels and worldwide markets. The Firm’s model names — which embody Ralph Lauren, Ralph Lauren Assortment, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Kids and Chaps, amongst others — represent one of many world’s most well known households of client manufacturers. For extra info, go to https://company.ralphlauren.com/.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press launch comprises objectives, initiatives and “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embody statements relating to, amongst different issues, the Firm’s focused digital and regional growth as a part of its strategic plan. Ahead-looking statements are indicated by phrases or phrases similar to “anticipate,” “intention,” “outlook,” “commit,” “estimate,” “guarantee,” “anticipate,” “mission,” “imagine,” “envision,” “search,” “purpose,” “goal,” “can,” “will,” and comparable phrases or phrases. These forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger precise outcomes, efficiency or achievements to be materially completely different from the long run outcomes, efficiency or achievements expressed in or implied by such forward-looking statements. Ahead-looking statements are based mostly largely on the Firm’s expectations and judgments and are topic to sure dangers and uncertainties, a lot of that are unforeseeable and past Firm management. The elements that might trigger precise outcomes, efficiency or achievements to materially differ embody, amongst others, the chance elements recognized within the Firm’s Annual Report on Type 10-Okay filed with the Securities and Change Fee. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case.
The contents throughout the article have been equipped by way of Newswire for Finencial.com, go to