Retail News

Ralph Lauren CEO says Americas closets will look different in 10 years

Fast Company 01/24/2020

Patrice Louvet, the CEO of Ralph Lauren, says the typical consumer’s closet has one section holding all their clothes. Over the next five to 10 years, however, Mr. Louvet believes closets will be broken up in three sections for new clothes, pre-owned items and rentals to be returned after they are worn.

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