Ralph Lauren is to step down as the chief executive of the luxury fashion house he founded 48 years ago.
The designer will be replaced in November by Stefan Larsson, president of Old Navy, the low-price clothes brand owned by Gap Inc.
Ralph Lauren, who will turn 76 in October, plans to stay on as the chief designer for the label.
The news caused Ralph Lauren’s shares to rise 3.9% in post-trading hours. Shares in Gap fell by 3.4%.
Speaking of his replacement, Ralph Lauren said: “He understands what dreams are. In this business, it’s about dreams because you are dreaming ahead and you’re about progress and change and newness.”
Ralph Lauren corporation – well-known for its polo shirts – has expanded from selling clothes into the restaurant trade in recent years.
Stefan Larsson, 41, led Old Navy from 2012 and has been credited with boosting sales, even as other Gap labels faltered. Before taking over Old Navy, he worked for the Swedish brand H&M for 15 years.
Ralph Lauren fashion house made $7.5 billion in sales in 2014.
Ralph Lauren said his successor was “exceptionally talented” and would bring “a fresh and exciting global perspective” to the company.
Retail Stores Open and Shopping Hours on Thanksgiving Day, November 22, 2012:
N/A – CVS
CVS is definitely open on Thanksgiving Day, but their advertised store hours are “hours vary.”
N/A – Harris Teeter
Harris Teeter stores are definitely open on Thanksgiving, and most stores are open until 2:00 PM. Confirm store hours with your local Harris Teeter store.
N/A – Safeway
Safeway stores are definitely open on Thanksgiving Day, and most stores stay open until 5:00 PM. Check with your local store to confirm Thanksgiving Day hours.
6:00 AM – Albertson’s
Not all Albertson’s locations will be open on Thanksgiving Day. The ones that are will probably be open until 4:00 PM. Confirm store hours with your local Albertson’s store.
6:00 AM – Fresh and Easy Express
Advertised closing time on Thanksgiving Day is 6:00 PM
6:00 AM – H-E-B
Most stores will be open until 2:00 PM
6:00 AM – Kmart
Stores will close at 4:00 PM on Thanksgiving Day
6:00 AM – Meijer
7:00 AM – Big Lots
7:00 AM – Food Lion
Advertised closing time is 3:00 PM
7:00 AM – Fresh and Easy
Advertised closing time on Thanksgiving Day is 4:00 PM
8:00 AM – Bass Pro Shops
8:00 AM – Family Dollar
8:00 AM – Harris Teeter
8:00 AM – Whole Foods
Most stores will stay open until 5:00 PM on Thanksgiving Day, but you should check with your local store to confirm their exact store hours.
9:00 AM – Gander Mountain
Stores will be open until midnight on Thanksgiving Day, and then re-open again Black Friday morning
9:00 AM – Old Navy
Most stores open from 9:00 AM t 6:00 PM – confirm hours with your local store
9:00 AM – Walgreens
Stores open until 6:00 PM
10:00 AM – Gap
Some stores open at 11:00 AM, most stores stay open until 6:00 PM – Check for local store hours.
10:00 AM – Lord & Taylor New York 5th Ave. Flagship
No official word about whether all Lord & Taylor locations will be open Thanksgiving Day 2012
8:00 PM – hh gregg
8:00 PM – Kmart
After closing at 4:00 PM on Thanksgiving Day, Kmart will re-open at 8:00 PM and stay open through 3:00 AM on Black Friday (and then re-open again!)
8:00 PM – Sears
Will remain open overnight until 10:00 PM on Black Friday
8:00 PM – Toys ‘R Us
8:00 PM – Wal-Mart
Will remain open overnight and won’t close until 10:00 PM on Black Friday
9:00 PM – 2b Bebe *
9:00 PM – 7 For All Mankind *
9:00 PM – AIX Armani Exchange *
9:00 PM – Aeropostale *
9:00 PM – Aldo *
9:00 PM – All Saints Spitalfields *
9:00 PM – American Eagle Outfitters *
9:00 PM – Ann Taylor *
9:00 PM – BCBG Max Azria *
9:00 PM – Banana Republic *
9:00 PM – BareMinerals *
9:00 PM – Bass Shoes *
9:00 PM – Bath & Body Works *
9:00 PM – Bose *
9:00 PM – Brooks Brothers *
Retail Stores Open and Shopping Hours on Thanksgiving Day, November 22, 2012
9:00 PM – Calphalon Kitchen Outlet *
9:00 PM – Calvin Klein *
9:00 PM – Carter’s *
9:00 PM – Champion *
9:00 PM – Charlotte Russe *
9:00 PM – Chico’s *
9:00 PM – Claire’s *
9:00 PM – Clarks Bostonian *
9:00 PM – Closet *
9:00 PM – Coach *
9:00 PM – Coach Men’s *
9:00 PM – Coldwater Creek *
9:00 PM – Cole Haan *
9:00 PM – Converse *
9:00 PM – Cotton On *
9:00 PM – Crabtree & Evelyn *
9:00 PM – DC Shoes *
9:00 PM – DJ’s Grill & Deli *
9:00 PM – DKNY *
9:00 PM – DaVinci’s Coffee & Tea *
9:00 PM – Designer Fragrances *
9:00 PM – Designer Studio *
9:00 PM – Disney Store *
9:00 PM – Disney Store Outlet *
9:00 PM – Dolce & Gabbana *
9:00 PM – Easy Spirit *
9:00 PM – Ecco *
9:00 PM – Ecko Unlimited *
9:00 PM – Ed Hardy *
9:00 PM – Erik’s Deli Café *
9:00 PM – Famous Footwear *
9:00 PM – Foreign Exchange *
9:00 PM – Fossil *
9:00 PM – Fox *
9:00 PM – Fragrance Outlet *
9:00 PM – Furla *
9:00 PM – Gap Outlet *
9:00 PM – Godiva Chocolatier *
9:00 PM – Gucci *
9:00 PM – Guess *
9:00 PM – Guess Accessories *
9:00 PM – Gymboree *
9:00 PM – Haggar *
9:00 PM – HanesBrands *
9:00 PM – Harry & David *
9:00 PM – Hugo Boss *
9:00 PM – Hurley *
9:00 PM – Izod *
9:00 PM – J.Crew *
9:00 PM – Janie and Jack *
9:00 PM – Jockey *
9:00 PM – Joe’s Jeans *
9:00 PM – Journeys *
9:00 PM – Juicy Couture *
9:00 PM – Justice *
9:00 PM – Kate Spade New York *
9:00 PM – Kenneth Cole *
9:00 PM – Kids Supercenter *
9:00 PM – Kristen’s Coffee Corner *
9:00 PM – L’Occitane *
9:00 PM – Lane Bryant *
9:00 PM – Last Call by Neiman Marcus *
9:00 PM – Levi’s *
9:00 PM – Lids *
9:00 PM – Lucky Brand *
9:00 PM – Maidenform *
9:00 PM – Maxstudio.com *
9:00 PM – Michael Kors *
9:00 PM – Naturalizer *
9:00 PM – Nautica *
9:00 PM – New Balance *
9:00 PM – Next Accessories *
9:00 PM – Nike *
9:00 PM – Nine West *
9:00 PM – No Fear *
9:00 PM – O’Neill *
9:00 PM – OshKosh B’Gosh *
9:00 PM – PacSun *
9:00 PM – Paolo Giardini *
9:00 PM – Papaya *
9:00 PM – Payless ShoeSource *
9:00 PM – Perfumania *
9:00 PM – Perfume Outlet *
9:00 PM – Perfume Outlet & Cosmetics *
9:00 PM – Polo Ralph LaurenPolo *
9:00 PM – Puma *
9:00 PM – Quiksilver *
9:00 PM – Ralph Lauren Children *
9:00 PM – Reebok *
9:00 PM – Rue21 *
9:00 PM – Saks Fifth Ave Off 5th *
9:00 PM – Samsonite *
9:00 PM – Shoe Palace *
9:00 PM – Shoe Studio *
9:00 PM – Shopko
9:00 PM – Sideline Sports *
9:00 PM – Skechers *
9:00 PM – Solstice Sunglass Outlet *
9:00 PM – Sony *
9:00 PM – Starbucks Coffee *
9:00 PM – Stride Rite *
9:00 PM – Subway *
9:00 PM – Sunglass Hut *
9:00 PM – International & Watch Stop *
9:00 PM – Sunglass Plus *
9:00 PM – Target
Stores will only be open until 11:00 PM and will re-open again on Black Friday morning
9:00 PM – The Children’s Place *
9:00 PM – The Children’s Place Outlet *
9:00 PM – The Fragrance Outlet *
9:00 PM – Tilly’s *
9:00 PM – Timberland *
9:00 PM – Time Factory *
9:00 PM – Time Factory Watch Outlet *
9:00 PM – Tommy Hilfiger *
9:00 PM or 10:00 PM – Toys R Us
Most Toys ‘R Us stores will open at 9:00 PM and stay open through 10 PM on Black Friday night. Some stores will not open until 12:00 midnight and stay open through 10 PM on Black Friday night.
9:00 PM – Toys ‘R Us Express *
9:00 PM – True Religion *
9:00 PM – Ugg Australia *
9:00 PM – Ultra Diamonds *
9:00 PM – Under Armour *
9:00 PM – VanHeusen *
9:00 PM – Vans *
9:00 PM – Victoria’s Secret *
9:00 PM – Volcom *
9:00 PM – White House Black Market *
9:00 PM – William Rast *
9:00 PM – Wilsons Leather *
9:00 PM – Zales Outlet *
9:00 PM – Zumiez *
* If marked by an * above… Stores locations open in Simon Premium Outlet Mall – check directly for other locations. Opening times may vary by location, contact your local store to confirm its Thanksgiving Day hours.
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