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Ralph Lauren raises annual revenue forecast on strong apparel demand

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February 6, 2025

Ralph Lauren raised its annual revenue forecast on Thursday, betting on more younger shoppers picking up its spring collection of dresses, skinny cuffed trousers and floral dinner jackets.

Ralph Lauren – Spring/Summer 2025 – Menswear – USA – New York – ©Launchmetrics/spotlight

Shares of the apparel maker rose 8% in premarket trading.

Unlike European fashion houses LVMH, Hugo Boss and Kering, Ralph Lauren has enjoyed strong demand as efforts to invest in brands such as Polo and Purple Label helped pull in wealthy shoppers, especially from the younger demographic.

Ralph Lauren has also posted strong sales in China over the past nine quarters, as an e-commerce expansion on the Douyin platform and the opening of full-price stores boosted demand for its clothing.

China accounts for about 8% of the company’s total sales.

Demand at Ralph Lauren’s direct-to-customer channels also remained robust, driven mainly by full-price sales, while its wholesale business is starting to recover in North America following muted growth for several quarters.

The company now expects 2025 revenue to increase between 6% and 7%, compared with its prior forecast for a 3% to 4% rise.

Its third-quarter sales rose to $2.14 billion from $1.93 billion a year earlier, compared with analysts’ estimates of $2.01 billion, according to data compiled by LSEG.
 

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Fashion

L’Oréal Groupe veteran Carol Hamilton to retire

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February 6, 2025

L’Oréal Groupe announced on Thursday the retirement of company veteran Carol Hamilton, effective May 1, after a 40-year career within the U.S. division of the French beauty giant. 

Carol Hamilton – Courtesy

Hamilton arrived at L’Oréal in 1984, joining the consumer products division as a marketing director for L’Oréal Paris in the U.S. After 24 years of service, the executive went on to become the U.S. brand president in 2000 and then the global brand president. From here, Hamilton transitioned from mass to the world of luxury beauty, taking the helm as U.S. president of L’Oréal Luxe, in 2008.

Under her charge, the U.S. luxe business doubled in size and achieved record profitability, before Hamilton took on the role of group president in 2015, where she was responsible for supporting the global development and acquisitions of American brands in the luxe division such as Kiehl’s, Urban Decay and IT Cosmetics. In 2018, she was appointed U.S. president of acquisitions, before expanding her role in 2020, overseeing the creation of and leadership over L’Oréal USA’s new corporate office.

Opening in June 2022, the new El Segundo, California-based initiative brought the company’s west coast-based brands all under one roof for the first time.

Carol Hamilton’s leadership at L’Oréal has been nothing short of transformative. Her strategic vision propelled unprecedented growth for many brands in the portfolio, achieving market leadership across multiple categories. She consistently demonstrated an exceptional ability to identify and cultivate emerging opportunities, pioneer business transformation, and drive key brand acquisitions,” said David Greenberg, CEO of L’Oréal USA and President of the North America Zone.

“Beyond her sharp business acumen, Carol’s commitment to mentorship and talent development leaves an enduring legacy of leadership within L’Oréal. We celebrate her remarkable contributions and wish her all the best in her well-deserved retirement.”

Hamilton’s retirement comes just days after L’Oréal Groupe announced the appointment of Christina (Tina) Fair as president of the consumer products division (CPD) for the North America zone. 
 

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Castore expands link with GXO for logistics operations support as it gears up to grow in US

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February 6, 2025

UK-based performance sportswear brand Castore has expanded its partnership with pureplay contract logistics provider GXO Logistics. The Dutch company will increase its remit to operate warehousing and transportation in the UK, US and Europe.
 

GXO, which has been providing logistics services to Castore’s fast-expanding business in the UK since April 2024, will now “use its global scale to provide logistics operations in the Netherlands with plans to expand [Castore ops] to the US”.

Alongside Castore’s core teamwear for a variety of major sporting brands, GXO distributes product to wholesale customers that sell team merchandise and sportswear. It also provides retail distribution to more than 20 Castore stores across Europe. Additionally, GXO is responsible for fulfilling and managing the transport of all e-commerce sales globally.

Adrian Harris, chief supply chain officer of Castore, said: “As [we continue our] fast-paced growth, we want to ensure we work with partners to support and strengthen our ambitions to be one of the world’s highest performance sportswear brands. We’re confident that GXO is the right logistics partner to manage our existing operations in the UK, and across our global network, with an experienced team and world-class systems to meet our needs.”
 
Richard Cawston, chief revenue officer, GXO, added: “We’re proud that Castore recognised our expertise in fashion and sportswear, trusting their logistics to us. We will bring our capabilities in warehousing and transport services to support Castore’s continuing growth. Our flexible systems have already helped improve efficiencies and, with our transport capabilities, we can deliver seamless and streamlined fulfilment. It’s brilliant that our success in the UK has given us the opportunity to grow our partnership so Castore can access our global network as they grow in Europe and the US.”

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L’Oreal misses fourth-quarter expectations with 2.5% rise in sales

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Reuters

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February 6, 2025

French cosmetics group L’Oreal reported a 2.5% rise in fourth-quarter sales on Thursday, missing expectations due to persistently weak demand in China and a slowdown in growth in North America.

L’Oréal

The owner of brands from Maybelline mascara to Lancome face cream said sales for the three months to end-December were 11.08 billion euros ($11.49 billion), up 2.5% on a like-for-like basis, versus expectations for a 4.4% rise, according to a consensus compiled by LSEG.

The results, slowing from a 3.4% rise in the third quarter, conclude a challenging year when a protracted slowdown in the Chinese economy and inflation in the United States dented demand for skincare and makeup in two of the company’s biggest markets.

Paris-based L’Oreal also lost market share in China’s mass market to domestic rivals such as Proya, analysts say, and its CeraVe and other products recommended by dermatologists face growing competition in developed markets.

Sales grew 1.4% in North America, much less than the 5.2% reported in the third quarter. In North Asia, revenues were down by 3.4%, after a 6.5% decline in the prior period.

The company said in October fourth-quarter sales growth would be comparable to the prior quarter’s.

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