Ralph Lauren to Cut Off-Price Sales, Exit Lower-Tier Stores in Brand Upgrade Push
Ralph Lauren (NYSE: RL) stock rises as Q1 revenue of $1.96B and $4.59 EPS beat estimates. Full-year fiscal outlook raised on Asia growth.
Ralph Lauren is stopping cheap sales and leaving discount stores to make the brand feel fancier and more special. Investors like this plan because the company beat its sales goals and expects Asia to grow a lot this year.
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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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