Chain Store Age
Ralph Lauren Corp. turned in a strong quarterly performance fueled by a big marketing push and an online surge.
Revenue rose 5.1% to $1.73 billion. North American sales rose 3%, with a 4% increase in same-store sales. North America wholesale revenue was down 3% as the company continues to cut back on sales to the off-price wholesale channel.
Online sales surged 20% in the quarter, with strength across all regions. . . . more