With two-thirds of its stores in China temporarily closed due to the epidemic, the American fashion house expects the health crisis to have a negative impact of between $55 million and $70 million on its sales in 2020.
Ralph Lauren has announced the launch of “Design the Change”, its new citizenship and sustainability strategy, outlining 16 goals aiming to drive progress in the company’s commitment to ecological and social causes.
Ralph Lauren CEO Patrice Louvet highlighted both physical and digital retail, and outlined the company's projects in comments given to analysts following the publication of the group's full-year 2019 results on Tuesday.
Luxury apparel maker Ralph Lauren Corp beat estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.
Ralph Lauren returned to growth in North America in its second fiscal quarter as a strategy to intensify marketing on social media bore fruit, also helping the upscale fashion group top estimates on Tuesday.