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Ralph Lauren’s quarterly profit and sales topped estimates as the luxury apparel maker reined in discounts and cut inventories in a bid to boost margins.The company’s shares were down around 2 percent at $71.30 in late morning trading.Ralph Lauren, like other apparel chains, has been struggling to turnaround sales due to sluggish Michael Kors Factory Store spending on apparel and accessories. The company’s margins have taken a hit as competition in the industry has stiffened.In a bid to turnaround the business, the company appointed a new chief executive on Wednesday and has been reducing promotional activity and trying to sell more higher priced items as well as cut product Longchamp Sale costs.Ralph Lauren’s gross margins on an adjusted basis rose 90 basis points to 55.4 percent in the fourth quarter ended April 1.The company reported a net loss of $204 million, or $2.48 per share, in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance coach factory pay.Ralph Lauren posted a net income of $41.3 million, or 49 cents per share, a year earlier.Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts’ average expectation by 11 cents, according to Thomson Reuters I/B/E/S.Ralph Lauren also said that it expects its current-quarter net revenue to fall in Michael Kors Outlet Store the low double digit percentage range.In the fourth-quarter, the company posted a 12 percent fall in comparable store-sales, compared with analysts’ average estimate of a 6.5 Longchamp percent drop, according to research firm Consensus Metrix.
Dolce & Gabbana has been one of the few fashion houses to unabashedly embrace First Lady Melania Trump — and the brand is now reaping the spoils.Melania has been parading around Europe in the label’s sumptuous designs, most recently stepping out in Sicily on the first day of the G-7 summit wearing a bright, floral jacket (right) that retails for $51,500.The “3-D flower” jacket isn’t even in stores yet, but has already sold coach outlet online out on the luxury retail site Moda Operandi, where fashionistas had to plunk down a $25,750 deposit for the colorful garment.Melania paired the outfit, which she wore to a lunch with other G-7 leaders’ wives, with a matching $1,630 purse, also adorned with splashy silk flowers, and a simple cream-colored dress.Designer Stefano Gabbana Michael Kors Bags gushed about Melania and her ensemble on his Instagram page, posting several photos with hearts and the hashtag “DGWoman.”THANK YOU,” he wrote.On Friday evening, the first lady ditched the splashy jacket for a custom Dolce & Gabbana creation — a sparkly, silver frock with long sleeves — that she wore to a concert michael kors outlet by the La Scala Philharmonic Orchestra.President Trump’s first international tour has presented Melania with numerous opportunities to show off her style — and loyalty to designers Domenico Dolce and Stefano Gabbana.Dolce was her designer of choice during their meeting with Pope Francis at the Vatican, where she wore a somber, long-sleeved black dress Coach Handbags and lace veil.She touched down in Italy on Tuesday wearing a black coat with gold embroidery by the designer, and proudly held the brand’s “Sicily” tote on her way out of Rome.“Welcome to Italy