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Ralph Lauren revenue drops due to store closures

Ralph Lauren revenue drops due to store closures

by Patanjal Kumar | Aug 5, 2020 | Apparel, Fashion & Retail, Fashion, News & Insights

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world. The big drop in revenue and a larger-than-expected loss pushed shares...

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