RALPH LAUREN CORPORATION (NYSE:RL) Files An 8-K Other Events
ITEM 8.01. OTHER EVENTS.
segments to a geographic focus, effective as of the fourth
quarter of its fiscal year ended April 1, 2017 (Fiscal 2017).
Prior to the fourth quarter of Fiscal 2017, the Company organized
its business into the following three reportable segments:
wholesale, retail, and licensing. In connection with its Way
Forward Plan, the Company has implemented significant
organizational changes that have impacted the manner in which it
manages its business. Accordingly, during the fourth quarter of
Fiscal 2017, the Company realigned its business into the
following three reportable segments:
apparel, accessories, home furnishings, and related products made
through the Companys wholesale and retail businesses in the U.S.
and Canada;
apparel, accessories, home furnishings, and related products made
through the Companys wholesale and retail businesses in Europe
and the Middle East; and
accessories, home furnishings, and related products made through
the Companys wholesale and retail businesses in Asia, Australia,
and New Zealand.
reportable segments. In addition to these reportable segments,
the Company also has other non-reportable segments, which
primarily consist of (i) sales of Club Monaco branded products
made through its retail businesses in the U.S., Canada, and
Europe, (ii) sales of Ralph Lauren branded products made through
its wholesale business in Latin America, and (iii) royalty
revenues earned through its global licensing alliances.
establishes its overall business strategy, allocates resources,
and assesses performance of its business. Beginning in the Annual
Report on Form 10-K for Fiscal 2017, all prior period segment
information has been recast to reflect the realignment of the
Companys reportable and non-reportable segments as described
above.
reporting financial information for Fiscal 2017 and the Companys
fiscal year ended April 2, 2016 (Fiscal 2016) (including by
quarter) to provide historical financial information that is on a
consistent basis with our new reporting structure. The changes in
the reportable segment structure discussed above affect only the
manner in which the results of the Companys reportable segment
were previously reported. This Form 8-K does not reclassify nor
restate the Companys previously reported consolidated financial
statements for any period. Nor does it reflect any subsequent
information or events, other than as required to reflect the
change in segments as described above. This Form 8-K, including
the exhibit, should be read in conjunction with the Fiscal 2016
Form 10-K and Fiscal 2017 Form 10-K and the Companys subsequent
filings with the Securities and Exchange Commission.
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EXHIBIT NO.
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DESCRIPTION
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99.1
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Schedule of Reclassified Reportable Segments.
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About RALPH LAUREN CORPORATION (NYSE:RL)
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Company’s’ retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company licenses to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear, fragrances and home furnishings. RALPH LAUREN CORPORATION (NYSE:RL) Recent Trading Information
RALPH LAUREN CORPORATION (NYSE:RL) closed its last trading session down -1.37 at 71.38 with 4,010,473 shares trading hands.