and the idea is that you're coming into ralph lauren home. from that standpoint, stores will continue to represent an important part of our mix. i think we'll continue to see increased penetration of our digital business right now it's about 26% that will likely go to a third of the company, 30, 33%. fundamentally when you see how consumers are shopping today, we no longer silo by channels and i would argue today, every single sale is a digital sale because to some extent there's been some work online prior to the sale happening, whether it's in the store or on our digital. >> what's happening, patrice, on inventories and supply chain because it's been all out of whack all over retail lately trying to figure out where it settles. >> yes we have done a lot of work on the supply chain diversi diversification, localization, platform when i mentioned to investors, i really believe our supply chain is a competitive advantage we have seen that through covid, the strength and agility of our supply chain there's a lot of conversation about inventory.

coming up, luxury update shares of ralph lauren jumping in today's session after the company laid outs. what the ceo told us about the company's growth plan, next, when "fast money" comes right back >>> welcome back here is a sneak peek at the cramer cam i love this. jim is talking with the ceo of intuit you can catch the full exclusive interview at top of the hour on a special "mad money." he is live in san francisco. it's a cramer cam -- >> you've never seen the cramer cam before >> it's been a while >> this is great stuff. >> very cool you've made it when there is a cam. >>> shares of ralph lauren up 3% today after the luxury retailer outlined strong financial targets. i spoke with investor patrice luve about the direction of the business listen >> we have done a lot of work on our supply chain diversification, localization, platforming, digitization. so much so, and i mentioned this to investors earlier today, i really believe our supply chain is a competitive advantage we've seen that through covid, both the strength and agility of our supply chain there is a lot of question abou

then you buy ralph lauren, because ralph lauren is doing incredibly well, ten times earnings that's nott sustainable to have a terrific company at ten times earnings that is doing everything right with a good balance sheet. it's just not sustainable. so, carl, add ralph lauren to the list of a company you want to buy after the fed's spoken. >> it's kind of funny to sit here, look at the graph, and then look up and see him see ralph lauren right there while we're looking here that's a first >> he's an icon. i mean, you think about the brand, what started in '69 or something like that. surviving after every fashion cycle over the decades i mean, it is kind of incredible, jim. >> they have a fantastic outfit in china i think of all the ceos that have come and gone in this company, this man is really terrific now, david, you're going to absolutely just love this. i know you are >> tell me >> he has adopted the metaverse. so if you go into the metaverse that mark zuckerberg has, you can go into a ralph lauren store and you can order and take a look at how you feel now, other -- he's an early

ralph lauren is raising uar and widen customer base.try kate spade has been compelling for new and existing customers >> it is fascinating, dana, as we look at that bifurcation. how do you sum up the u.s. consumer >> i think they are watching carefully because the spend on essentials are costing more dollars. they are spending on experiences rather than just goods or lower income consumers are watching pennies carefully with the tradedown. >> dana telsey, it is good to have you for retail. it is an important season. thank you very much. >> thank you >>> as we head to break, be sure to sign up for the powerful investment event of the year delivering alpha returns on september 28th with policymakers and best investors sharing their ex-pepert insights. scan the qr code on the screen "worldwide exchange" will be right back analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier

home depot, marriott, ralph lauren, seemingly managing macro headwinds just fine.opping home depot from selling a ton of stuff or impacting forwarding bookings at marriott, at least not yet, and ralph lauren is well positioned going into the holidays. let's bring in a man who has a front-row seat to the c-sweet. so, steve, you talk to ceos all the time across every industry what are they saying >> brian, ceos are very pessimistic right now. in the latest ceo confidence voi, over 90% of them say that the u.s. is going into a recession. and they say this is primarily caused by the actions of the fed. and you know, they're not criticizing the fed, but they're saying, look, the fed's goal is to get inflation down to 2% and they're willing to take some collateral damage, meaning that the gdp will go down and jobs will go down, as well so they are very pessimistic now, juxtapose that to the consumer confidence, which actually went up last month, which was a surprise after two months of declines and consumer confidence is a little higher and spending stays up because gas

rough week for consumer stocks names like tesla, tapestry, ralph lauren getting hit hard. nike also hitting fresh lows levels not seen since july 2020. should investors brace for more selling? guidance when it comes to supply chain and china, bonowny. >> this is been on the radar some time. i see the concern around the consumer i don't like the space, but i think it makes for an intriguing relative value play. if you look at the earnings, around 96 bucks. we're talk about 26 times 4 earnings i don't think we've seen that multiple around 2015 with that said, ginn where we are in the right environment, there's an environment to be had these multiples should be lower. but on relative value to xrt, comps and to where it's been, i think this is a level where personally i would be deploying some capital to that. >> what i love about nike in this environment, it's a stock i'm long, and it's been painful. it really will be about north america. china's going to be down ten north expected nine. it's a free cash flow story. if you're invested in companies you have to -- nike is that

the new pics appeared in her newsletter along with some inside info like she wore three custom ralph laurenhough j. lo says, quote, all of us caught a stomach bug, the big day went off without a hitch. >>> and finally, we go down under. >> that's where we find more proof it's really a jungle out there. check out these wrestling kangaroos. they came to blows in the garden of a woman's home in australia. it comes after we showed you video last week of a kangaroo shoved through a fence. shoved through a fence. >> i guess that's it then, huh? yup. see you around. i knew that was the last time i'd see tom. the truth is, i was spending too much online jake from state farm. don't give up what you love. state farm has options like bundling home and auto, so you get a rate that fits your budget. tom! i'm gonna buy more stuff! for surprisingly great rates that fit any budget... like a good neighbor, state farm is there.® call or click to get a quote today. if you had a bladder accident today, i get it. that was me... until i ditched all the pads and pills and found real relief with axonics therapy. t

stuart: how about, lauren, ralph lauren would be. up two or 3%. ina is also ending some lock downs. that helps them. they have a good deal of revenue comes from china. they're also returning two billion dollars to shareholders in the next three years. stuart: i would have thought ending lockdowns in china would be positive for the overall took market but apparently not that much. thanks, lauren. >>> russian troops stuck a massive nuclear power plant in the southern region of ukraine overfight. meanwhile ukrainian forces say they have regained key control of the east bank of the river osky. not sure about all of this. but jeff paul is there. he will straighten it out for us. what is the latest, jeff? reporter: yeah, stuart also starting to uncover what they are describing as russian war crimes. now officials in the kharkiv region say they have found somewhat hidden locations they believe were being used by occupying russian forces. one of these spots is at a local train station which they describe as a torture cell. they found similar scenes in a ba

ralph lauren, that was -- i thought that was a great interview with sara.ly feel that he has got some great mojo, david, to use a very specific word on wall street so, we have some positives we just do not have a definitive statement from what powell's going to say during that incredible press conference that i know you like so much. >> and we know you do too. jim, you're a big fan. >> it's the biggest waste of federal time i can come across >> oh, i'm sure there are a lot of people who would submit lists on which that would not make the top ten. >> but why can't they do what netflix does pick one member of the press, in this case, probably steve liesman, and he gathers the questions and they have an interview. wouldn't that be better than this hollywood squares thing come on. >> i hear you. take a look at the realtime -- >> i hear you. i know you forgot to say, i know where you're coming from >> i do. i usually do know where you're coming from. few other people do, but i do. >> you do. >> yeah, i do. >> look at that red, david what do you think those stock

. >> your stock is down double digits this year, along with competitors like kors and ralph lauren thencreasingly worried about recession. do you see any kind of indication of that >> well, our categories, talk a minute about the categories that we play in the handbags, small leather goods, footwear, those categories have proven to be durable over time through downturns, even through covid, because they fulfill a functional need for consumers but also an emotional connection to these categories. again, over time it's proven durable. even the research that we show that we've fielded recently shows the consumer has a higher intent to spend in the next 12 months so these categories are very durable we have much better capabilities at engaging consumers in these categories if you thinkabout the market overall, european traditional luxury have taken prices up. our products represent tremendous value in the marketplace. we see plenty of white space that we can take our prices up in fact we've proven pricing power across all of our brands in the last few years and we expect that to continue.

ralph lauren and capri holdings down 5%. canada goose, rh, all of those names falling even more so than the broader market as we worry about consumers' ability and willingness to spend when everything that we have to buy continues to go higher back over to you. >> i was surprised, courtney, i don't know about that, that inflation and apparel this morning actually went up after a decline last month in some of these categories, we heard from retailers as you've been reporting for weeks now, target and walmart, the poster children, they're going to have to start marking down these products because they got the inventories wrong and are sitting on all this excess product. it hasn't really shown up in the inflation data that should be disinflationary. >> it is really interesting to see those numbers reverse course in the past month. i think that we had heard so much about the inventories and about sort of the dislocation of product and so we assumed, oh, they have to have big discounts. yes, to your point walmart and target and e

strength in some of the apparel names within retail including tapestry, formerly known as coach, ralph laurenegas sands also rebounding as well. with perhaps more signs that inflation may be, may be cooling off a bit, names in a rely on consumer spending is getting a boost ahead of tomorrow's all-important inflation data i'll send it back to you, david, at the new york stock exchange >> thank you, dom. >>> over the last couple of years many financial firms have expanded their presence in florida, some have relocated there entirely now florida's red-hot luxury market is facing a new test. its private schools are bursting at the seams, causing a major backlog across the board joining us to discuss is dave faust, the head of the benjamin school in palm beach david, good to have you this morning. give our viewers a sense of the numbers behind this, how many students you typically admit and what kind of pressure you're seeing on admissions in terms of numbers and acceptances. >> good morning, welcome to sunny southeast florida. yeah, we've seen really since the pandemic, we've seen some pretty sig

ralph lauren ringing the bell this morning.ng this morning where it left off on friday said to drop about 200 points. the focus is on interest rates, so we'll have all your numbers for you coming up in just a little bit. thank you for waking up with us here on morning sun too. i'm pam cook. good morning. i'm dave clark gets a monday. it's september. 19th did you know steve paulson is back did and i'm very excited to see him back. he's right here. i am indeed you for weeks . when are you coming back? always text you back. i text you back. you know that? yes, you do . i give you updates. we are here and we don't have a little different pattern here today will not be the widespread rain. it'll be hit and miss, but some of it could be moderate to heavy. there's one band right along the sonoma marin coast, another one right over the santa clara valley. i would expect more buildups in the afternoon as we get sun breaks and then maybe some brief heavy rain. other areas may not get anything at all. so mix of sun clouds hit and miss rai

lauren: sometimes i beat you. i close the doors. stuart: we read in, figure out what is going on around the world from all the sources you have gotten on the show together. ralphtrepid and i'm a former crewmember who served aboard as an air traffic controller in the vietnam war, are we in new york city the entire month of november volunteering as a tour guide aboard the ship? good for you, you are doing the right thing, you are a good man, hope to see you when you get in. lauren: they had some parties on the intrepid, fundraisers, they are awesome, they are really cool. thank you to that you are. stuart: i want to say thanks to everyone who sent in their feedback, now it is time for the trivia question. who was the youngest monarch in britain ever? henry the sixth? edward the sixth? richard the second? queen victoria? the answer after this. eout with chase freedom unlimited. that's a lot of cash back. are you gonna stop me? uh-oh... i'm almost there... too late! boom! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. stu: so who was the youngest british monarch ever? henry iv, edward iv -- >>