Ralph Lauren says it is profiting from less reliance on discounting
November 2, 2017
Fashion brand Ralph Lauren reported earnings of $1.99 a share for last quarter, beating analysts’ average projections by 10 cents. Revenue, however, was down 9 percent for the period, and yet management is claiming a victory in its new strategy to pursue higher-margin sales channels and do less discounting.
Recent News
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.
Spotify Discreetly Shifts Lyrics Behind a Paid Subscription
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.