Ralph Lauren has been identified as the designer

 

  • Ralph Lauren has been identified as the designer of the ivory suit Hillary Clinton  wore Thursday night at the Democratic National Convention
  • The designer has been close to Clinton for decades, and donated millions to the Smithsonian when she was First Lady
  • Lauren also designed the cobalt blue suit that Clinton wore when she kicked off her campaign last July with a rally on on Roosevelt Island 
  • Clinton’s color choice was a clear nod to the dresses worn by suffragettes as they protested to get women the right to vote 100 years ago
  • Clinton’s suit was also remarkably similar to the ivory look vice presidential nominee Geraldine Ferraro wore at the 1984 Democratic convention
  • The presidential hopeful is reportedly getting styling tips from her good friend, Vogue editor Anna Wintour, while on the campaign trail 

The designer of the ivory suit worn by Hillary Clinton last week when she accepted the Democratic nomination for president has been revealed.

Ralph Lauren, a close friend of Clinton, created the widely-praised look, with a member of his press team confirming his involvement over the weekend.

It is the second big look that Lauren has designed for the presidential hopeful, having also created the cobalt blue suit she wore last July when she kicked off her campaign with a rally on New York City’s Roosevelt Island.

Clinton chose the American designer for a speech in which she attacked Trump for making many of his products overseas.

‘Please explain to me what part of America First leads him to make Trump ties in China, not Colorado. Trump suits in Mexico, not Michigan. Trump furniture in Turkey, not Ohio. Trump picture frames in India, not Wisconsin,’ said Clinton.

‘Donald Trump says he wants to make America great again. Well, he could start by actually making things in America again.’

 

Lauren was born in the Bronx to Jewish immigrant parents and briefly attended Baruch College to study business before dropping out and joining the US Army.

It was after his time in the armed forces that he began to work in design, first as a sales assistant at Brooks Brothers.

He got his start designing menswear and then expanded to women’s clothing, home

 

Ralph Lauren Battle Discounting, Fewer Shopper Visits

Michael Kors Holdings Ltd. and Ralph Lauren Corp. were hurt in the latest quarter by heavy discounting and declining foot traffic to stores, challenges that are upending the way the companies do business.

Michael Kors is cutting back sales to department stores in the hope that less inventory will translate into more full-priced sales. Ralph Lauren is closing retail shops, streamlining products and speeding up sourcing.

The changes have only recently been introduced and have yet to improve either company’s financial performance. But they are a sign of the drastic measures some companies are taking to offset the rise of e-commerce and other changes in shopper behavior.

Michael Kors total revenue increased just 0.2% to $987.9 million in the three months to July 2, despite 221 new store openings and the acquisition of its China business. Sales at existing retail stores fell 7.4%, while sales to third parties such as department stores were down 7%.

Chief Executive John Idol blamed the weakness on “the ongoing decline in mall traffic trends as well as the decrease in tourism.”

Net income fell 16% to $147.1 million, compared with $174.4 million a year earlier. Shares of Kors slipped 1% in Wednesday afternoon trading to $49.57.

The handbag and accessory maker has been hurt by a steep drop in wristwatch sales and lower average tickets as shoppers buy smaller satchels. The company is introducing a line of “smart” jewelry and watches and focusing more on apparel and footwear to offset weakness in handbag Ralph Lauren T-Shirts, which declined around 2%.

It is also reducing sales to department stores, where heavy discounting has hurt margins and tarnished the brand. “That channel has become very promotional, and, in fact, is causing us difficulties in our own retail channel, which is why you see our gross margin declining, because we are having to meet certain pricing,” Mr. Idol told analysts on Wednesday.

New Broker Ratings For Ralph Lauren Corporation

Recently stock market analysts updated their outstanding price targets on shares of Ralph Lauren Corporation (NYSE:RL).

Most recently issued ratings from research reports:

08/11/2016 – Ralph Lauren Corporation had its “buy” rating reiterated by analysts at UBS. They now have a USD 117 price target on the stock.

08/11/2016 – Ralph Lauren Corporation had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 95 price target on the stock.

08/11/2016 – Ralph Lauren Corporation had its “buy” rating reiterated by analysts at Goldman Sachs. They now have a USD 120 price target on the stock.

08/11/2016 – Ralph Lauren Corporation had its “hold” rating reiterated by analysts at Brean Capital.

08/11/2016 – Ralph Lauren Corporation had its “outperform” rating reiterated by analysts at Telsey Advisory Group. They now have a USD 120 price target on the stock.

08/11/2016 – Ralph Lauren Corporation had its “market perform” rating reiterated by analysts at Cowen. They now have a USD 101 price target on the stock.

08/11/2016 – Ralph Lauren Corporation was downgraded to “hold” by analysts at Standpoint Research.

08/08/2016 – Ralph Lauren Corporation had its “neutral” rating reiterated by analysts at Piper Jaffray. They now have a USD 88 price target on the stock.

06/08/2016 – Ralph Lauren Corporation had its “buy” rating reiterated by analysts at BB&T Capital Markets. They now have a USD 115 price target on the stock.

06/08/2016 – Ralph Lauren Corporation was downgraded to “hold” by analysts at Miller Tabak. They now have a USD 115 price target on the stock.

06/08/2016 – Ralph Lauren Corporation was upgraded to “neutral” by analysts at Bank of America Merrill Lynch. They now have a USD 96 price target on the stock.

06/08/2016 – Ralph Lauren Corporation had its “buy” rating reiterated by analysts at Citigroup. They now have a USD 107 price target on the stock.

03/31/2016 – Wells Fargo began new coverage on Ralph Lauren Corporation giving the company a “market perform” rating. They now have a USD 97 price target on the stock.

02/08/2016 – Ralph Lauren Corporation was downgraded to “neutral” by analysts at Atlantic Equities. They now have a USD 95 price target on the stock.

02/05/2016 – Ralph Lauren Corporation had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 95 price target on the stock.

The share price of Ralph Lauren Corporation (NYSE: Ralph Lauren Polo Golf ) was down -0.63% during the last trading session, with a day high of 108.30. 460084 shares were traded on Ralph Lauren Corporation’s last session.

The stock’s 50 day moving average is 101.17 and its 200 day moving average is 95.10. The stock’s market capitalization is 8.75B. Ralph Lauren Corporation has a 52-week low of 82.15 and a 52-week high of 137.38.

Speedo and Ralph Lauren among four to end sponsorship

Four sponsors have dropped disgraced US Olympic swimmer Ryan Lochte, including swimwear manufacturer Speedo and fashion label Ralph Lauren.

They were followed by announcements from skin care firm Syneron-Candela and Japanese mattress maker Airweave.

It comes after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics.

Lochte, a 12-time Olympic medalist, has earned millions of dollars through endorsements.

Speedo, the biggest sponsor of the four, said: “We cannot condone behaviour that is counter to the values this brand has long stood for.”

Lochte, aged 32, said he respected Speedo’s decision, and thanked the company.

“I am grateful for the opportunities that our partnership has afforded me over the years,” he said.

Speaking on US talk show Today, Lochte said: “I made a mistake and I definitely learned from this. They put on a great Games… and my immature, intoxicated behaviour tarnished that a little.”

Ralph Lauren, which has removed some of Lochte’s images from its website, said its sponsorship of the swimmer had been only for the Rio Olympics and would not be renewed.

Ralph Lauren and Airweave both stressed that they would continue their support of the US Olympic and Paralympic teams.

Syneron-Candela said: “We hold our employees to high standards, and we expect the same of our business partners.”

Speedo said it would donate a $50,000 portion of Lochte’s sponsorship fee to the charity Save The Children’s Brazilian operation.

The value of Lochte’s Speedo sponsorship has not been disclosed. The contract reportedly expires this year after 10 years.

The US business magazine Forbes calculated that in the year of the 2012 London Olympics, Lochte earned about $2m in sponsorships from companies such as Gillette, Nissan, AT&T and Gatorade.

Lochte’s performance at Rio did not reach the heights of his London triumph, but Forbes estimated his endorsements would still have been between Ralph Lauren City Polo.

Disdain

The saga started when Lochte and three team-mates returned to the Olympic village after a late night out in Rio.

They tried, unsuccessfully, to use the locked toilet at a garage and urinated outside instead.

After first claiming that he and his three team-mates had been robbed by bogus policemen, Lochte back-tracked and admitted he had, while still drunk, “left details out” and “over-exaggerated some parts of the story”.

Despite the evidence against him, including CCTV footage, he has however denied that he actually lied in his initial account to Brazilian police.

Why Ralph Lauren’s Team USA Uniforms

Last week, right after Team U.S.A. took to Twitter to release a photo of what its 2016 Summer Olympics uniforms would look like, the pundits pounced. Their fashion sense was offended, apparently, by the effect created by the way the Navy blazer (designed, along with the rest of Team U.S.A.’s gear, by Ralph Lauren) closed over the red, blue and white-striped crew neck beneath. It looked, cried the offended, like the Russian Federation’s flag.

You may not know the name “Nacho Figueras,” but you will probably recognise his Ralph Lauren Outlet.

The Argentinian polo player has been the official face of Ralph Lauren since 2005. His photograph has been displayed on billboards and glossy magazines across the globe. In between polo matches and photo shoots, Nacho raises money for charity with his close personal friend, Prince Harry.

Aside from playing polo and modelling for Ralph Lauren, the 39-year-old owns a breeding farm of more than 500 horses, the most valuable of which is worth $300,000 (£227,000), according to the Financial Times. Most recently, Nacho has turned his hand to fiction, releasing a ghostwritten romance trilogy, “The Polo Season,” about his beloved sport.

Nacho shares an idyllic family life with his photographer wife Delfina Balquier and their four children, moving back-and-forth from their farm in Argentina to a rented home in the Hamptons, a popular summer retreat for New York City residents. Business Insider spoke to Nacho on the phone, while he was breathless after training one day, and asked him to explain what he does on a typical day.