Ralph Lauren Corp - Class A Shares RL

Ralph Lauren Corporation, incorporated on March 20, 1997, is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates in 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.

The Company offers a range of apparel products, including collections of men's, women's and children's clothing, which are sold under various brand names. Its accessories products encompass a range for both men and women, including footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, including handbags and luggage. Its home products include bedding and bath products, furniture, fabric and wallpaper, lighting, paint, tabletop and giftware. It offers a range of men's and women's fragrances. Its restaurants include The Polo Bar and Ralph's Coffee located in New York City, RL Restaurant located in Chicago and Ralph's located in Paris.

Wholesale Segment

Wholesale Segment sells products to upscale and certain mid-tier department stores, specialty stores, and golf and pro shops. Wholesale products are sold through approximately 13,000 doors across the world. Its products are also sold through the e-commerce sites of certain of its wholesale customers. The primary product offerings sold through wholesale channels of distribution include apparel, accessories and home furnishings. The Company's collection brands- Ralph Lauren Collection and Ralph Lauren Purple Label are distributed through a limited number of fashion retailers. Department stores are the Company's wholesale customers in North America. In Latin America, wholesale products are sold in department stores and specialty stores. In Europe, wholesale sales consist of a varying mix of sales to both department stores and specialty stores, depending on the country. In Asia, its wholesale products are distributed through shop-within-shops at department stores. The Company also distributes wholesale products to certain licensed stores operated by its partners in Latin America, Asia, Europe and the Middle East. Its products are sold primarily by its own sales forces. Wholesale segment maintains its primary showrooms in New York City. In addition, the Company maintains regional showrooms in Milan, Paris, London, Munich, Madrid, Stockholm and Panama. It has approximately 25,000 shop-within-shops in its primary channels of distribution.

Retail Segment

The Company's Retail segment consists of over 490 retail stores, totaling approximately 3.8 million square feet, and over 580 concession-based shop-within-shops, as well as through its various e-commerce sites. The Company's Ralph Lauren stores feature a range of apparel, accessories, watch and jewelry, fragrance and home product assortments through various brands, such as Ralph Lauren, Polo, Double RL, and Denim & Supply brands. Its Ralph Lauren stores range in size from approximately 700 to 39,000 square feet. Its Club Monaco stores feature fashion apparel and accessories for both men and women with contemporary signature styles. Its Club Monaco stores range in size from approximately 700 to 17,400 square feet. Its factory stores offer selections of apparel, accessories and fragrances. In addition to these product offerings, certain of its factory stores in the Americas offer home furnishings. Its factory stores range in size from approximately 1,400 to 26,700 square feet.

The Company has over 580 concession-based shop-within-shops at approximately 260 retail locations, which are located in Asia, Australia, and Europe. The size of its concession-based shop-within-shops ranges from approximately 200 to 3,300 square feet. In addition to its stores, the Company's Retail segment sells products online through e-commerce channel, which includes its North American e-commerce sites located at www.RalphLauren.com and www.ClubMonaco.com, as well as its Club Monaco site in Canada located at www.ClubMonaco.ca; Ralph Lauren e-commerce sites in Europe, including www.RalphLauren.co.uk, www.RalphLauren.fr, and www.RalphLauren.de, and its Ralph Lauren e-commerce sites in Asia, including www.RalphLauren.co.jp, www.RalphLauren.co.kr, www.RalphLauren.asia, and www.RalphLauren.com.au. Its Ralph Lauren e-commerce sites offer customers access to an array of Ralph Lauren, Double RL, Polo, and Denim & Supply apparel, accessories, watch and jewelry, fragrance and home product assortments. Its Club Monaco e-commerce sites offer domestic and Canadian customers access to its assortment of Club Monaco apparel and accessories product lines, as well as select online exclusives across the world.

Licensing Segment

The Company grants its product licensees the right to manufacture and sell at wholesale specified categories of products under over one of its trademarks. The Company's license agreements have one to five-year terms and grant the licensee's conditional renewal options. It performs a range of services for its Ralph Lauren Home licensing partners, including design, operating showrooms, marketing and advertising. Its licensing partners include Luxottica Group, S.p.A., L'Oreal S.A., Peerless Clothing International, Inc. and Hanesbrands, Inc. Its international licensing partners operate over 90 Ralph Lauren stores, approximately 40 Ralph Lauren concession shops and over 130 Club Monaco stores and shops.