on Thursday forecast annual revenue growth below market expectations and named insider Justin Picicci as its chief financial officer, effective immediately.
Ralph Lauren, much like its peers in the apparel space, resorted to promotions in markets like the United States in order to appeal to a more price-sensitive lower-income consumer. Wholesale revenue in Ralph Lauren’s biggest market, North America, fell 2 per cent in the quarter following a 15 per cent fall in the prior quarter.
Source: News Formal (newsformal.com)
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