Ralph Lauren will power all of its offices, distribution centers and stores with 100 per cent renewable electricity by 2025. In order to reach this goal, the brand will pursue a combination of virtual power purchase agreements in North America and assess a select number of US sites for onsite solar power installations.
Ralph Lauren has joined the UN Fashion Industry Charter for Climate Action, which contains several climate-related commitments, including prioritizing the use of raw materials with low-climate impact and pursuing energy efficiency measures and renewable energy across the supply chain. Looking forward, the brand will set a science-based greenhouse gas reduction target next year.
For the first half of the year, Ralph Lauren’s net profit was up 37.3 per cent. Sales were up 2.3 per cent. Ralph Lauren has resumed its sourcing in Bangladesh. The American fashion company stopped producing garments in the Asian country in 2015, after the Rana Plaza collapse. Ralph Lauren has ambitions to increase sales by a billion dollars by 2023. Marketing spend will go up by a 100 million dollars over the next five years. The aim is for half of the company’s growth to come from core categories — men’s shirting — and half from undeveloped categories like denim, wear-to-work, outerwear, footwear and accessories.
