and as courtney reagan reports it making taking page from the old navy playbook. >> reporter: it's a new era for ralph lauren. ceo stefan larsen led the company's first-ever investor day announcing major changes to reinvigorate the 50-year-old global brand. larsen left old navy to take over eight months ago as the namesake founder moved to executive chairman and creative director. ralph lauren sales, profit and stock price have slumped in recent quarters. some external factors like weak shopper foot traffic and the strong dollar have dented performance. other issues have been self-inflicted. larsen's plan with focus on reining in expenses. brands and stores amounting to a $400 million restructuring of the company this year. >> all the initiatives we are driving are simple, straightforward ways of strengthening the brand, drive profitable sales growth. what we mean with profitable sales growth is drive sustainable sales, expand the margin, to ultimately drive to a strong shareholder return. >> reporter: ralph lauren will focus on three main brands. ralph lauren, polo, and lauren. the c

oversized tote from old navy, under 30 bucks. this is a wrap watch in chambray.to incorporate the fabric. >> don't overdo it. >> don't want a chambray outfit with a chambray watch and chambray bag. one thing at a time. >> thank you, sweetie. >> thank you, guys. >>> we will be back in a moment allegedly. first, this is "today" on nbc. i. >>> time for okay and not okay. some celebrities have been known to speak out against award shows. >> the rock and roll hall of fame certificate moans unpleasant, justin beiber says they're hollow and lack authenticity. >> we were asked ask okay or not okay to slam awards shows. here's what we had to say. >> i only knock someone when i don't get nominated, which is almost always. >> ha ha ha. love that one. i say it is your prerogative to plan anything you want. if you're not into it, why not graciously decline. >> there's a thought. >> yeah. >> that's right. >>> next week, blake lively, luke brian, and performance by meghan trainor. >>> and ana gas tire. >> why do we have these stores? >> we have a hot show. >> we're going to get

. >> old navy is second most popular retailer in the country.et to take the number one spot. >> number two spot. >> like i said number two spot. old navy is also the favorite store of the people in delaware. >> um-hmm. >> and the number one, store in pennsylvania is. >> nordstrom. >> the most popular retailer in the country is also nordstrom, 13 other states favor shopping there. >> okay. >> nordstrom. >> yes. >> that includes nordstrom rack. >> i'm a nordstrom rack store. >> they tell me know. >> no. >> just the fancy one. >> fancy. >> who wants to see me naked? crickets. i agree with you. but, this is for a good purpose. >> okay. >> i got to get rid of my aches and pains. we will take up this brand new cryo therapy tank. >> look at that skin. >> yes. (vo) we went to hollywood to ask if america's favorites - burgers, tacos and chili could taste just as great made with turkey. thousands stepped into the jennie-o tasting booth to find out. with just one bite, they knew. now it's your turn to make the switch. kind of like this look. i'm calling it

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store.r? you turn plain water into sparkling water in seconds. and because it's so delicious, you'll drink 43% more water every day. sodastream®. love your water. >> jimmy: tonight on the show, music from fitz and the tantrums. from "unreal" constance zimmer is here. first tech news. apple unveiled a few things today. apple called developers together to unveil their latest software upgrades and to remind everyone that they still make a watch. [ laughter ] they showed off a new operating system for the iphone and ipad. they showed off some improvements for apple tv and new upgrades for siri. now siri will be available on your computer and i think on your watch. apple and many countries are focussed on getting us to talk to our phones and computers. watches. and they don't realize the reason we use these things in the first place is because we don't want to talk to anybody. [ laughter ] >> jimmy: i want a phone that keeps quiet and doesn't even turn on. tonight was game five of the nba finals.

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store. ♪ ♪ ♪ take on the technologies, available in the altima, sentra and maxima. ♪ [ cheers and applause ] >> jimmy: senior prom 2 2016, this is what it's all about, bro. >> you said it, bro! >> jimmy: pound it. >> one more time. >> jimmy: by the way, nice corsage. >> oh, thanks! my mom helped me put it on because i was piercing my nipple. [ laughter ] >> jimmy: yeah, that's cool. noice! so got your eyes on anyone tonight? >> oh, come on. of course, but you know, i like to just sit back and let them come to me. [ laughter ] >> jimmy: oh, i hear you. here comes stacy now. check this out. >> cool! ♪ ♪ [ laughter ] >> jimmy: ermagherd, stacy. you look sperctercular! i lurve your drerss! be cerrful, i think somebody sperked the purnch! [ laughter ] >> bro, what the heck was that? >> jimmy: i don't know, i don't know. i think i got nervous. >> well, you have to get it together, dude! come on. >> jimmy: all right. all right. all right. >> oh, snap! here comes brittany! watch the master. >> jimmy: go, go, go! [ la

larsson is doing what's right, old navy talk about a difficult situation.ou can give up on ralph lauren all you want. i think the time to give up was at 130e. >> interesting. we're going to see more about the severity of the job cuts, womens wear daily says 10%, obviously trimming their exposure to department stores. >> look at that employment number on friday. that's ralph lauren written large. we were saying yesterday in the meeting it was rather extraordinary. we literally saw companies that arms are taking positions in, 8% position in retailers that many of the people in the panel said won't exist. take an 8% position you saber rattle and no one wants you. >> that can happen if you pick the wrong stock in the wrong sector, no amount of activism is going to help you. >> none. i'm not going to mention the retailers because that's not fair. but there's a lot of retailers -- look at pac sun, that's done. look at some of these teen retailers and quick silver, quick silver came on "mad money" and basically talked about a restructuring. and it's like, well, ok

we know just the place. ♪ ♪ (whistle) ♪ ♪ ♪ ♪ now go left, left, left, left. ♪ ♪ run to old navy forts of it. because it goes great with these. and this. why not? too many friends. a big yes to this. what makes a lipton meal? what you bring to it. and the refreshing taste of lipton iced tea. lipton. be more tea. ♪ [ cheers and applause ] >> jimmy: i am so excited for my next guest. he is one of the greatest comedians to see live. and we are lucky to have him here tonight. he'll be at the just for laughs comedy festival in montreal at theater maisonnoove july 30th. please welcome brian regan! ♪ [ cheers and applause ] >> thank you. [ cheers and applause ] thank you. [ cheers and applause ] that's very nice. thank you very much. so i've been enjoying the basketball and hockey championships. but i have not been enjoying the postgame press conferences. [ laughter ] for some reason, they still have not learned that you need to put a microphone on the people asking the questions. [ laughter ] they have a table. they got the coach or the athlete sitting there behind a a microphone. so they

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store.reams" by beck ] hmmmmm... the turbocharged dream machine. the volkswagen golf gti. named one of car and driver's 10best, 10 years in a row. help you experience this world? oh man i've only been to one place! oh i have a great idea maybe i can go to the rainforest. any ideas for my little one's first big trip. every mastercard world card comes with a concierge who can help you book a dream trip, hey, you're going to need more of these. learn more at priceless.com/world ♪ >> jimmy: tuesday is, without question, the most boring day of the week. but in new orleans they want you to know that every tuesday is happy tuesday. and to prove it, i sent my little buddy guillermo to the big easy to show how tuesday there compares to tuesday here. ♪ >> guillermo: oh, no. it's still tuesday? ♪ >> guillermo: you guys are much better than the marching band. >> thank you. ♪ >> guillermo: oh. i love you shrimp poor boy. ♪ >> guillermo: play your horn. ♪ [ horn

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store.e second his room is ready. so you know what he gives? i'll give you everything i've got and then some. he gives a hundred and ten percent! i'm confident this 10% can boost your market share. feel me lois? i'm feeling you. boom! look at that pie chart. the ready for you alert, only at laquinta.com. belvitlike the hottest guy are fat the office. or the second-hottest. it's a small office. carefully baked and delicious. try belvita breakfast biscuits. because we could all use steady morning energy. (vo) you can check on them. you can worry about them. you can even choose a car for them. (mom) honey, are you ok? (child) i'm ok. (announcer vo) love. (mom) we're ok. (announcer vo) it's what makes a subaru, a subaru. ♪ [ cheers and applause ] >> seth: welcome back everybody. please give it up for the 8g band right over there. [ cheers and applause ] also, joining us tonight and all week, sitting in with the 8g band, he's one of the most respected drummers in hard rock and metal, from the cul

unitedhealthcare ♪ ♪ (whistle) ♪ ♪ ♪ ♪ now go left, left, left, left. ♪ ♪ run to old navy for activewear. live there. you have your own home. so live there. even if it's just for a night. ♪ brewmaster. risktaker.. i sold everything i had to own a brewery. you might have heard its name... stella artois be legacy if yo...well do i haveen it all, a surprise for you. it's red lobster's new lobster and shrimp summerfest! with the lobster and shrimp... ...you love in so many new dishes, you're gonna wanna try... ...every last one. like the new coastal lobster & shrimp. with a wood-grilled lobster tail, ...wild-caught red shrimp crusted with panko, ...and shrimp fresh off the grill and brushed with... ...summer ale bbq sauce. or try the new lobster & shrimp overboard, ...because when a dish can wow you like this, ...overboard's the only way to describe it. but hurry, this ends soon. ♪ [ chee

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store. help you experienceplace! oh i have a great idea maybe i can go to the rainforest. any ideas for my little one's first big trip. every mastercard world card comes with a concierge who can help you book a dream trip, arrange experiences and much more. hey, you're going to need more of these. learn more at priceless.com/world ...and stumbled upon some stranded enthusiasts.d... he shared his sandwiches. he rescued their rover. he observed their methods... for the remainder of the mission. no. james left to discover new frontiers... ...and potable water. how far will you take the all-new rav4 hybrid? toyota. let's go places. ♪ [ cheers and applause ] >> jimmy: our first guest stars opposite jeff goldblum in the new film "independence day: resurgence" which is in imax 3d. which i just love. i love imax 3d. i don't know why i'm just saying it now. [ light laughter ] it's fun for me. i like imax 3d. and also in the

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store. ♪ [ cheers and applausetonight is an emmy nominated actress who you know from films such as "bridesmaids" and "sisters" and from her work on "saturday night live." she's starring in a new variety series alongside martin short called "maya & marty" which airs tuesday nights at 10 right here on nbc. let's take a look. >> i sing. did you know that? >> no. why would i know that? >> i don't know. i have no idea why you would know that. but i do, i sing. i'm a singer. >> oh, well that's nice. it's just i don't really want to make a big deal about this. [ light laughter ] oh, that's really not necessary, you know. ♪ ♪ here we are ♪ on this special day [ laughter ] ♪ ooh ooh ooh ooh so special ♪ ♪ girl, blow out my candle and make a wish ♪ ♪ ♪ girl, i want to be ♪ i want to be ♪ i want to be ♪ i want to be your gift >> seth: please welcome back to the show, our good friend, maya rudolph. ♪ [ cheers and applause ] >> hey, everybody. >> seth: i love that clip. because that has so many of my favorite mayaisms. >> there

. ♪ ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store. ♪ [ cheers andlate night", everybody. please give it up for the 8g band right over there. [ cheers and applause ] also very exciting, this week's drummer, one of the most sought after players in hard rock and metal. he's been a member of ground-breaking bands like white zombie, helmet and testament, and currently he's a with british rock icons the cult. john tempesta, everybody. [ cheers and applause ] >> thanks jimmy. >> seth: you can check out john and the cult on their new album "hidden city." so happy to have you here this week, john. really looking forward to it. >> thanks for having me, seth. [ applause ] >> seth: now, we here at the show, we believe that no matter how different two things are, they can still have common ground. and to prove it, it's time once again for venn diagrams. ♪ do you remember venn diagrams? we take two seemingly separate groups and find out what they have in common. first up, on one side we have donald trump. on the other side we have a guy with an acoustic guitar. a

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store.y jit all on chocolate♪ ♪ya i'm bout to blow it all on chocolate♪ ♪sweet tooth baby make that dollar stretch♪ ♪yo yo yo chocolate yo yo yo chocolate♪ ♪ ♪ ♪ if ii wouldn't need one atance the last minute. sorry, captain obvious. don't be. i've got the hotels.com app, which makes it simple to book a room for... $1,000. sorry. or $500. or $100. sorry. or $25, but it won't be here. you can stay with me. thanks. i've already lost enough today. hotels.com. safer than a stranger's house. ♪sorry i'm not love ♪ ♪i'm leaving in my thoughts (vo) you can check on them. you can worry about them. you can even choose a car for them. (mom) honey, are you ok? (child) i'm ok. (announcer vo) love. (mom) we're ok. (announcer vo) it's what makes a subaru, a subaru. ♪ [ cheers and applause ] >> seth: welcome back to "late night" everybody and please give it up for the 8g band right over there. best band in "late night." [ cheers and applause ] also, sitting all week with the 8g band, he's one of rocks most

. ♪ ♪ run to old navy for activewear from $5.00 and up to 50% off the entire store. the possibility ofmy mind. thinking about what to avoid, where to go... and how to deal with my uc. to me, that was normal. until i talked to my doctor. she told me that humira helps people like me get uc under control and keep it under control when certain medications haven't worked well enough. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, s b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. raise your expectations. ask your gastroenterologist about humira. with humira, control is possible. ♪ ♪ ♪ ♪ buy an eligible galaxy device and get a free gear vr virtual reality headset. lips appear to age fast