Ralph Lauren Corp
RL
Delayed Nyse - 05/25 10:02:39 pm
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RALPH LAUREN CORP : Other Events, Financial Statements and Exhibits (form 8-K)

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05/18/2017 | 10:24 pm

ITEM 8.01. OTHER EVENTS.
Ralph Lauren Corporation (the "Company") has changed its reportable segments to
a geographic focus, effective as of the fourth quarter of its fiscal year ended
April 1, 2017 ("Fiscal 2017"). Prior to the fourth quarter of Fiscal 2017, the
Company organized its business into the following three reportable segments:
wholesale, retail, and licensing. In connection with its Way Forward Plan, the
Company has implemented significant organizational changes that have impacted
the manner in which it manages its business. Accordingly, during the fourth
quarter of Fiscal 2017, the Company realigned its business into the following
three reportable segments:



- North America - primarily consists of sales of Ralph Lauren branded apparel,
accessories, home furnishings, and related products made through the Company's
wholesale and retail businesses in the U.S. and Canada;
- Europe - primarily consists of sales of Ralph Lauren branded apparel,
accessories, home furnishings, and related products made through the Company's
wholesale and retail businesses in Europe and the Middle East; and
- Asia - primarily consists of sales of Ralph Lauren branded apparel,
accessories, home furnishings, and related products made through the Company's
wholesale and retail businesses in Asia, Australia, and New Zealand.
No operating segments were aggregated to form the Company's reportable segments.
In addition to these reportable segments, the Company also has other
non-reportable segments, which primarily consist of (i) sales of Club Monaco
branded products made through its retail businesses in the U.S., Canada, and
Europe, (ii) sales of Ralph Lauren branded products made through its wholesale
business in Latin America, and (iii) royalty revenues earned through its global
licensing alliances.



This new segment structure is consistent with how the Company establishes its
overall business strategy, allocates resources, and assesses performance of its
business. Beginning in the Annual Report on Form 10-K for Fiscal 2017, all prior
period segment information has been recast to reflect the realignment of the
Company's reportable and non-reportable segments as described above.



Exhibit 99.1 to this Form 8-K provides a recasting of the segment reporting
financial information for Fiscal 2017 and the Company's fiscal year ended April
2, 2016
("Fiscal 2016") (including by quarter) to provide historical financial
information that is on a consistent basis with our new reporting structure. The
changes in the reportable segment structure discussed above affect only the
manner in which the results of the Company's reportable segment were previously
reported. This Form 8-K does not reclassify nor restate the Company's previously
reported consolidated financial statements for any period. Nor does it reflect
any subsequent information or events, other than as required to reflect the
change in segments as described above. This Form 8-K, including the exhibit,
should be read in conjunction with the Fiscal 2016 Form 10-K and Fiscal 2017
Form 10-K and the Company's subsequent filings with the Securities and Exchange
Commission
.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.



EXHIBIT NO. DESCRIPTION

99.1 Schedule of Reclassified Reportable Segments.




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