Image Map

Monday, May 22, 2017

Ralph Lauren Reports $204 Million Loss in Fourth Quarter

Ralph Lauren has reported yet another loss, making it the fashion outlet’s ninth straight fall in quarterly sales at established stores. Fewer customers are in turn visiting RL locations, as the company’s shares are currently down three percent, which accounts for levels last seen during the financial recession. In addition, Ralph Lauren expects sales to continue to decline in the current quarter. The company has experienced a 16.3 percent fall in overall sales to $1.57 billion, as the low numbers are predominantly due to sluggish spending on apparel and accessories. Check out the full article below.

Ralph Lauren Reports $204 Million Loss in Fourth Quarter

Ralph Lauren Store | Source: Shutterstock By Reuters May 18, 2017 13:20 NEW YORK, United States - Ralph Lauren reported its ninth straight fall in quarterly sales at established stores as fewer customers visited its stores, sending the company's shares down 3 percent to levels last seen during the financial recession.

No comments:

Post a Comment