Ralph Lauren outlet clothing group issued a profit warning

Operating earnings after the market may decline to issue a warning, also announced turnover growth rate may slow down, Ralph Lauren outlet Apparel Group share price on Friday morning at the New York Stock Exchange on Wall Street fell by almost 5 %. Greenwich time 14:30 , the company fell 4.63 percent reported $ 144.96 , compared with the S & P 500 index recorded a decrease of 0.26% .

Ralph Lauren Group, which owns namesake brand Ralph Lauren outlet, and Club Monaco and Chaps brands. 54% of the Group's turnover from sales of department stores , such as Marks & Spencer United States . But in recent years, the Group opened a number of self-operated stores , aimed at better control of their brands .
The financial year begins in April , the Group 's investment will be up from 400 million to 500 million U.S. dollars , and therefore it is expected that operating profit will fall from 0.75% to 1.25 percentage points. Greatly expand its sales in stores at the same time , the Group recorded a decline in sales outlets . Operated stores operated for more than a year of sales in the previous financial year closing March of the fourth quarter of one percent of the decline in the amount of contrast sharply wholesale business increased by 24% , largely benefiting from strong growth in the North American market .
Ralph Lauren outlet global turnover for the year is expected to record a 6-8 percent growth , an increase of slightly less than 9 percent cut in March on a year of growth. In the fourth quarter of 2013-2014 , its turnover increased by 13.6% to $ 1.87 billion ( € 1.36 billion ) , net profit grew by 20.5% to $ 153 million , representing earnings per share of $ 1.68 , up from $ 127 million last year ( $ 1.37 per share ) .
Roger Farah , General Manager Ralph Lauren outlet has been the industry as the Group has successfully transformed itself into the world's leading fashion group 's prime movers . Group said Friday that he will retire at the end of May