Thursday, August 6, 2020

Capri, Ralph Lauren quarterly results indicate widespread damage to apparel sales

Retail Dive
As apparel retailers buckle under intensified pressure brought on by the COVID-19 outbreak, several that cater to middle-income and budget-minded consumers have turned to bankruptcy and other restructuring measures. But quarterly results from Ralph Lauren and Capri in recent days demonstrate that clothing companies selling to higher-income customers aren't immune to its fallout, either.. . . more