Ralph Lauren Makes Staffing Cuts
It has been announced that Ralph Lauren has made a considerable amount of senior redundancies across its UK team. Ralph Lauren has confirmed the departures, and, in a statement, the brand said: “Consumers don’t differentiate by channel and we want to show up in a consistent, elevated way, regardless of how they choose to shop our brand. We are evolving our organisational structure to do that — with a focus on creating one brand voice and experience for consumers regardless of channel.”
Jeremy Taylor, senior vice-president for Ralph Lauren Europe, and president of factory stores and retail operations for EMEA, has left the business after 13 years with three other senior UK staff members also set to depart; Sarah Lawrence, Ralph Lauren’s senior director of product planning; Richard Hindley, vice-president of product planning, retail planning and distribution factory stores in the EU; and Catherine Johnson, the brand’s planning director.
The most recent results from the Ralph Lauren books show that revenue from operations in Europe rose 13% on a reported basis to $420m (£318m). Like-for-like sales, however, were down 6%, driven by an 8% decline in bricks-and-mortar stores, which was partially disguised by an 8% increase in online sales.
The redundancies follow speculation that Ralph Lauren are trying to merge certain roles and consolidate positioning in order to shape the organisation as a pan-European operation under one single team.