Ralph Lauren CFO Speaking In Conference Call Says Company Plans To Accelerate Strategic Reduction Of Off-Price Sales, Exit Of Lower-Tier Full-Price Stores In Back Half
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Why It Matters
Ralph Lauren is planning to sell fewer clothes through discount stores and close some of its regular stores that don't make enough money. This means the company is trying to focus on selling fancy stuff at full price, which could make each sale worth more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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