Insight Report 6 minutes PremiumRalph Lauren (RL) Analyst Day Takeaways: The Consumer Is in Charge Coresight Research June 7, 2016 Executive Summary Ralph Lauren held an analyst day in New York on June 7. Presenting from the management team were Stefan Larsson, President and CEO; Ralph Lauren, Executive Chairman and Chief Creative Officer; Valerie Hermann, Global Brand President, Luxury, Women’s Collections and World of Accessories; and Bob Madore, Corporate SVP and CFO. The company has struggled over the last few years as consumers and their expectations are changing. The apparel industry is going through significant transformation and disruption. Consumers now have an abundance of choice available to them—they can get whatever they want, whenever they want—and they are now in charge. Management outlined a plan for the company called the “Way Forward Plan.” As part of the plan, the retailer will refocus on its iconic brand and on the core of what has made the company successful. The foundation of the plan is to refocus on and evolve both the core—the brand strategy and the product, marketing and shopping experience—and the operating model (by developing strong underlying business engines, rightsizing the cost structure, and strengthening leadership and the culture). Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Groceryshop 2023 Day Three: Opportunities in Grocery in 2023 and BeyondDiverging Trends During China’s National Day Celebrations: China Consumer Survey InsightsInnovator Matrix: Last-Mile DeliveryThe 50+ Woman: What She Needs from the Beauty and Wellness Industry