Ralph Lauren s fourth-quarter earnings beat offsets soft revenue guidance biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Shares of Ralph Lauren Corp. soared Thursday to the highest prices seen in nine years after the luxury lifestyle-products company delivered a big fiscal…
(Bloomberg) At the helm of Ralph Lauren Corp., Chief Executive Patrice Louvet is navigating the novel challenges modern times bring for the fashion industry. The list includes dealing with a world where hoodies can be fair game at the office and factoring the metaverse into business planning.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increase
Ralph Lauren CEO Louvet targets young shoppers in the metaverse finans.dk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finans.dk Daily Mail and Mail on Sunday newspapers.
Ralph Lauren Corp beat profit estimates and reported a surprise rise in fourth-quarter revenue on Thursday as its new seasonal collections resonated with affluent shoppers at a time when luxury spending has cooled in the United States. The company's shares rose nearly 8% after it also posted a more than 30% jump in sales in China, with demand in the key luxury market rebounding sharply. While overall US luxury spending has taken a hit, Ralph Lauren's moves to double down on its outdoor wear and women's clothing collections have drawn more shoppers.