介绍:
Ralph Lauren on his company: 'My baby has to grow up'
makeover /'mekovɚ/ n. 化妆美容；大转变
core / kɔr / n. 核心；要点； CET4
eponymous / ɪ'pɑnɪməs / adj. 使得名的，齐名的
webcast / 'webka:st / n. 网络广播；网络直播；网路广播 CET4
Ralph Lauren is getting a big makeover.
The fashion company says it plans to restructure its business by reducing its workforce, closing stores and shifting focus to its core brands. Ralph Lauren is calling the new strategy its "Way Forward Plan."
Investors weren't happy with the news. Ralph Lauren stock dropped more than 10% in the first hour of trading. But the company's eponymous founder, Ralph Lauren, said on a webcast with investors on Tuesday that he backs new CEO Stefan Larsson's plan. "I'm trusting my baby with him, and my baby has to grow up," Lauren said.
Ralph Lauren has suffered in recent years as the market has shifted to "fast fashion" brands, such as H&M, Forever 21 and Zara. Facing similar problems as other older fashion companies, such as the Gap, Ralph Lauren takes far longer than "fast fashion" brands when changing styles
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