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Polo Ralph Lauren Corporation

5/19/2013, 5:05 PM ET

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Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
Thursday, May 2, 7:11 AM Retail sales in Hong Kong rose 9.8% in March to 40.2B HKD ($15.8B) to come in significantly slower than the 15% consensus forecast of analysts. By volume, sales rose 10.2% compared to the forecast for 14% and the 21.9% pace seen in February when the Lunar New Year holiday hit the calendar. Luxury sellers in particular are looking for strong sales numbers from Hong Kong. On watch: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF). Comment! [Global & FX, Consumer]
Wednesday, May 1, 8:31 AM Luxury retailers plan to start using junkets to bring wealthy Chinese consumers to Hong Kong stores. The practice has done wonders for the casino industry in Macau and could help spur sales with luxury and import taxes in HK lower than on the mainland. High-end China sellers: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) 1 Comment [Consumer, Global & FX]
Friday, April 26, 9:10 AM Luxury retail watch: If expensive apparel doesn't play well with Chinese high-end buyers, don't expect to see it in U.S. stores with the Chinese accounting for over 25% of the world's luxury market. An increased tendency in the U.S. for millionaires to dress down - instead of showing off opulence - is also factoring into the dominance of China. What to watch: High-end sellers such as Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) might become even more blatant with new designs on which market is the top priority. Comment! [Consumer, Global & FX]
Monday, April 22, 10:55 AM Ralph Lauren (RL -1.6%) will pay $1.7M to settle criminal and civil claims related to the alleged bribery of Argentine government officials. $882M will go to the Justice Department while $700M will be disgorged in a remedial civil action. Comment! [Consumer]
Thursday, April 18, 8:32 AM Same-store sales at department stores in Japan rose 3.9% Y/Y in March, according to the Japan Department Stores Association. The increase was the third month in a row of improving sales and could give a lift to high-end sellers such as Tiffany (TIF) and Ralph Lauren (RL) looking to gain traction in the nation. Comment! [Global & FX, Consumer]
Monday, April 15, 1:29 PM The LVMH read-through to luxury stocks: The LVMH report is consistent with the latest batch of retail sales data from China which indicates solid growth is still out there - but just not at the frothy levels of years past. An important trend to watch is that demand in Europe is getting considerable support from the steady string of tourists pouring in from China which magnifies the impact that Chinese consumers have on the sector. Comment! [Consumer, Global & FX]
Monday, April 15, 6:52 AM China retail sales rose 12.6% Y/Y in Q1 to 5.5451T yuan ($887.22B), according to government data. The pace of growth was a slight improvement over last month's mark and slightly beat estimates but a crackdown on corruption appears to be having an impact on luxury spending and could affect companies in the sector. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. Comment! [Consumer, Global & FX]
Friday, March 22, 9:05 AM An improved outlook from Tiffany (TIF) on sales in Asia follows upbeat projections from other high-end sellers such as Swatch and Coach for the region. Following a familiar pattern of other global luxury sellers, a high percentage of Tiffany's new stores are planned for Asia. Asia luxury watch: Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), Estee Lauder (EL). 1 Comment [Consumer, Global & FX]
Tuesday, March 19, 9:09 AM The outlook for luxury spending in China looks promising, according to analysts. While the pace of luxury retail sales growth slipped in China from 2011 to 2012, the forecast for 2013 is for solid gains again. Chinese tourists taking advantage of a weak euro is also a factor. Luxury stocks to watch: Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), Estee Lauder (EL). Comment! [Consumer]
Monday, March 18, 5:25 PM Ralph Lauren Corp (RL) declares $0.40/share quarterly dividend, in line with previous. Forward yield 0.95%. For shareholders of record Mar. 29. Payable Apr. 12. Ex-div date Mar. 26. (PR) Comment! [Dividends]
Monday, March 11, 9:06 AM China retail sales grew 12.3% in the January to February period, below the estimate of analysts which called for a 13.8% gain. The downtick could be one of the first signs that a government crackdown on lavish spending by government bigwigs may actually register on the sales needle. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. 1 Comment [Consumer, Global & FX]
Thursday, March 7, 10:40 AM China-based fund manager Scilla Huang-Sun thinks luxury brands in China can hold their own as the number of millionaires in the region continues to rise despite whether or not the nation's overall growth rate is in the single digits. Though the ride is sure to be bumpy, high-end sellers with a strong brand should prosper. Her favorite sector pick is Prada. Others to watch in China: Swatch (SWGAY.PK), Estee Lauder (EL +0.1%), Richemont (CFRUY.PK), Michaek Kors (KORS -2.3%), Coach (COH -0.8%), Ralph Lauren (RL +0.6%), Burberry (BURBY.PK). Comment! [Consumer, Global & FX]
Monday, March 4, 9:22 AM Luxury retailers see a nice bit of news out of Hong Kong with word that retail sales in the region grew at a double-digit pace in January despite the shift of the Chinese New Year this year to February - making the month a tough comp. Potential Hong Kong sales boosts: RL, EL, TIF, COH Comment! [Consumer, Global & FX]
Tuesday, February 19, 10:47 AM Ralph Lauren (RL +0.5%) will open its first Denim & Supply store in the U.S. this spring with leaked word of a New York launch. The concept - which the company has already tested in Europe and Asia - could be rolled out widely in the U.S. as a replacement for the shuttered Rugby business. Comment! [Consumer]
Friday, February 8, 9:10 AM A strong quarter from P-E backed Hugo Boss bodes well for the luxury sector, according to analysts. The company saw double-digit wholesale growth help it beat estimates and grow profits by 42% over last year's Q4. The read-through is positive for Ralph Lauren (RL) and PVH Corp (PVH) if the high-end mens apparel category picks up steam. Comment! [Global & FX, Consumer]

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