What’s going on in the world of fashion this week? FashionUnited takes a
\nlook ahead at the upcoming news and events for the 22nd week of the year.
\nBelow are the main points from the editorial agenda in the period between
\n25 May – 31 May 2020.<\/p>\n
Ralph Lauren reported net income in the third quarter of fiscal 2020 of
\n334 million dollars or 4.41 dollars per diluted share on a reported basis,
\nwhile on an adjusted basis, net income was 217 million dollars or 2.86
\ndollars per diluted share. The company will publish its Q4 results on
\nWednesday.<\/p>\n
For the fourth quarter, Abercrombie & Fitch Co. reported net sales of
\n1.18 billion dollars – an increase of 3 percent on both a reported and
\nconstant currency basis as compared to last year, while comparable sales
\nrose 1 percent. Full year net sales reaced 3.62 billion dollars – an
\nincrease of 1 percent on a reported basis and 2 percent on a constant
\ncurrency basis, while comparable sales rose 1 percent. The company will
\npublish its Q1 results on Thursday.<\/p>\n
For the fourth quarter, total revenue at Nordstrom reached 4.54 billion
\ndollars, up from 4.48 billion dollars in the same period the year before.
\nIt fell short of analysts’ estimates of 4.56 billion dollars. The company
\nwill publish its Q1 results on Thursday.<\/p>\n