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August 8, 2002

Polo Ralph Lauren Corp.’s first quarter profit fell 79% as the maker of Ralph Lauren and Club Monaco clothing cut prices while exiting two apparel lines and changed how it accounts for European business results. Net income fell to $6.46 million, or 7 cents a share. Sales, including licensing revenue, fell 9.8% to $467 million. Penney Co. Chief Executive Myron “Mike” Ullman III believes its biggest brand launch ever an exclusive line with Polo Ralph Lauren Corp. couldn’t happen at a better time. “We think given this competitive climate, we are very well positioned to take market share,” Ullman said. The brand, American Living, is expected to be a billion dollar business in the next few years,
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accounting for 5% of the department store chain’s annual sales, Ullman said.

Polo Ralph Lauren’s Software Glitch Fixed

April 16, 2005 From Associated Press

Clothing retailer Polo Ralph Lauren Corp. said a glitch in its software that set off an alert about the theft of credit card information had been repaired. A spokeswoman said the company was notified last fall that fraudulent charges were showing up on some credit cards. “We found we were storing more information about persons’ credit cards than we should have,” spokeswoman Nancy Murray said.

Polo Ralph Lauren Corp. said it would eliminate fur from its apparel and home collections, starting with the next holiday season. said its fiscal fourth quarter profit fell 4.9% as markdowns on a glut of clothing from last year wiped out higher sales of its latest fashion lines. Profit from operations fell to $27.3 million, or 27 cents a share, in the quarter ended April 3, from net income of $28.7 million, or 29 cents,
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a year earlier. That matched the average estimates. plans to hold an initial public offering that would raise as much as $600 million. The New York based apparel and fragrance company filed with the Securities and Exchange Commission to sell an undetermined number of Class A common shares. Chairman and Chief Executive Ralph Lauren and Vice Chairman Peter Strom together own the remaining 72% of the privately held company.