Retail News

Ralph Lauren cutting jobs as it shifts its focus online

Reuters/Yahoo Finance 09/23/2020

Ralph Lauren said it plans to cut 15 percent of its global workforce to lower costs as more of its sales shift online. “The changes happening in the world around us have accelerated the shifts we saw pre-COVID, and we are fast-tracking some of our plans to match them,” CEO Patrice Louvet said.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!