stefan larsson is trying to get it down to six months eventually.low at this type of retail environment when you have the h & ms and zara's of the world turning things around in less than a month. so, you know, what stefan larsson is doing are things that need to be done. and, you know, ralph lauren is letting him do it and making major changes. >> finally, when you look at acena, ralph, fossil, gap, where does value appear first? in some of those laggards. >> in terms of acena, that's really a very undervalued stock from our perspective. you have a portfolio of brands, you have multiple initiatives that could finally begin to play out. they're making a turnaround with the justice division. this stock is extremely inexpensive trading about nine times give or take any estimate. so any good news we think would get the stock higher. >> what a season it's been. good to see both of you guys. >> good to be here. >> thank you. >>> coming up, stocks advancing with s&p 500 nearing all-time high. we'll ask the ceo of td ameritrade fred tomczyk. that and more

wall street is finally hearing ceo stefan larsson's plan as ceo. ard plan centers around reigning in costs, brands and stores. the brand will focus on three name brands, ralph lauren, polo and lauren. the brand will close 10% of mainly high end stores, strip out three layers of management, which means 1,000 job cuts or 8% of full-time staff. it's also going to reduce the inventory that it ships to department stores, which is 45% of revenue in hopes of reigning in promotional levels and selling more items at full price. leaning on his strengths from old navy and h & m will shorten merchandise production times from 15 months to 9 months with an eight-week test pipeline. now sees revenues dropping at a low double digit rate due to the decline in inventory receipts which is proactive as part of the closures, but also weak retail traffic environment. but the savings from the restructuring costs they're undertaking are expected to result in 180 million to $220 million in annualized expense savings. ceo stefan larsson also says he'll focus even more on the

did you notice by the way how wropg the market was on the ralph lauren and stefan larsson took that toughction and that coach cfo is a big hire, stock up basically 15 points. i still think the ralph lauren is not done going higher because that brand -- i checked in with so many people about that brand. and seeing -- i mean, when you -- here's what they typically say to you, yeah, they're getting hurt. do you know any openings there? >> ralph did fill the gap almost exactly on that day. >> there's a halo there that has not gone away. tiffany is the one where i'm concerned about the halo in terms of the highest end. and restoration hardware i'm no longer concerned because it's lost its title. restoration hardware, that was a -- i don't know if you know their conference calls but they're set to music. that's great when your stock's going higher, but the set to music and all the problems, it was kind of like a funeral. they're doing a lot of things to try to get ahead of the problems, but if you listen to the conference call set to music, it's a tough one to get in front of. >> the product de

i think beyond stefan larsson they also have a very strong team beneath him. the brand people are really from the high end. the operation people from fashion and the others from ebay. it's a very strong plan and team and in addition to the 101 things that jan is talking about, doing the 201 is and doing the test and it rate and react and things we see coming out of a technology background so i really think they have the right team and right plan and it's just a matter of time before this thing turns. >> talking to someone who said they had five different men's suits line. had a black line, gray lane. this is what you're talking about. constitution, contruce, concentration. do their outlet stores help or hurt him? >> they want to do less in outlet channels and do less discounting in the department stores and want to do more direct. you know, my philosophy i think 50% of all retail will be online in 13 and a half years and, therefore, them going direct is good. every time they take a piece of items and go online their roi goes up. they will do more of that as we