Reported 2 months ago
Ralph Lauren's CEO, Patrice Louvet, discussed the company's recent financial performance, noting that while overall consumer spending is facing challenges due to inflation and interest rates, their higher-end customer base remains strong. The brand's global sales were bolstered by exclusive collections and events like outfitting the US Olympics team. However, the North American market is under pressure, necessitating the closure of several retail locations. Despite this, Ralph Lauren continues to project positive sales growth for the fiscal year.
Source: YAHOO