{"url_path":"/sec/rl/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 Properties.","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1037038/0001628280-26-037074-index.html","accession_number":"0001628280-26-037074","cik":"0001037038","ticker":"RL","issuer_name":"RALPH LAUREN CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1037038/0001628280-26-037074-index.html","primary_entity_key":"0001037038","primary_entity_name":"RALPH LAUREN CORP"},"word_count":370,"has_tables":true,"body_markdown":"Item 2.    Properties.\n\nWe primarily lease space for our retail stores, showrooms, warehouses, and offices in various domestic and international locations, except for our retail digital commerce call center and distribution facility in High Point, North Carolina, and our retail stores in New York City (Prince Street), Southampton and Easthampton, New York, and Nantucket and Boston (Newbury Street), Massachusetts, which we own.\n\nWe believe that our existing facilities are well maintained, in good operating condition, and are adequate for our present level of operations.\n\nThe following table sets forth information relating to our principal properties as of March 28, 2026:\n\nLocationUseApproximate\nSquare Feet\n\nNC Highway 66, High Point, NCWholesale and retail distribution facility1,047,000 \n\nN. Pendleton Street, High Point, NCRetail digital commerce call center and distribution facility 805,000 \n\n601 West 26th Street, NYCCorporate offices and showrooms288,600 \n\nLong Island City, NYCorporate offices, design and digital production studios, showrooms, and warehousing176,500 \n\n650 Madison Avenue, NYCExecutive and corporate offices, design studio, and showrooms141,900 \n\nGunpo, South KoreaWholesale and retail distribution facility133,100 \n\nNutley, NJCorporate offices92,500 \n\n83 King Lam Street, Hong KongAsia sourcing offices65,900 \n\nGateway Office, Hong KongAsia corporate offices37,500 \n\nGeneva, SwitzerlandEurope corporate office31,200 \n\nSeoul, South KoreaAsia corporate offices29,600 \n\nShanghai, ChinaAsia corporate offices28,800 \n\nKatonah, NYCorporate offices and showroom25,000 \n\nTokyo, JapanAsia corporate offices24,700 \n\nWatford, UKEurope corporate offices23,800 \n\nLondon, UKEurope corporate offices19,650 \n\n888 Madison Avenue, NYCRetail flagship store37,900 \n\nN. Michigan Avenue, ChicagoRetail flagship store37,500 \n\nNew Bond Street, London, UKRetail flagship store31,500 \n\n867 Madison Avenue, NYCRetail flagship store27,700 \n\nParis, FranceRetail flagship store25,700 \n\nTokyo, JapanRetail flagship store25,200 \n\nN. Rodeo Drive, Beverly HillsRetail flagship store22,200 \n\nMilan, ItalyRetail flagship store14,900 \n\nPrince's Building, Hong KongRetail flagship store7,900 \n\nAs of March 28, 2026, we directly operated 594 retail stores, totaling approximately 4.1 million square feet. We expect that we will be able to extend our retail store leases, as well as leases for our non-retail facilities, which expire in the near future on satisfactory terms or otherwise relocate to desirable alternate locations. We generally lease our freestanding retail stores for initial terms ranging from 3 to 10 years, with renewal options. See Item 1A — \"Risk Factors — Risks Related to our Business and Operations — Our business is subject to risks related to leasing real estate and other assets under long-term, non-cancellable leases.\"\n\n41"}