Theu.s Security And Exchange Commission

847 WordsJul 28, 20154 Pages
Ralph Lauren Corporation has been in operation for more than 47 years (Ralph Lauren, n.d.). The company offers the general public variety of high-quality apparels, fashion accessories, eau de toilettes and household products (Ralph Lauren, n.d.). In 1960, the company started creating their brand by selling men’s apparel but it was not until 1970 that the company started selling women’s t-shirts (Ralph Lauren, n.d.). During this time, the company was only marketing its products in the United States. However, in 1981 the company expanded its door internationally in London (Ralph Lauren, n.d.). Years later, Ralph Lauren Collections started marketing their brand by creating designed t-shirts to support a cause such as cancer, men and women’s sportswear, and even home paint. “In 1997, Ralph Lauren became a publicly traded company (Ralph Lauren, n.d.).” The U.S Security and Exchange Commission (SEC) requires publicly traded companies to disclose their financial reports for external users to view. Disclosures are an important section of a company’s annual report. Every statement within the report is likely to have information that will help readers understand the data. The 2015 annual report of Ralph Lauren Corporation contains various disclosures that explain how the financial figures were determined. The disclosures help explain what the company has done over the past year and what they plan to do in the future. Understanding the disclosures related to cash, cash

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