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Barclays upgrades the broad retail sector to a Positive rating for the first time in over ten years as it looks beyond the pandemic. "In the wake of COVID, the Retail segment is: 1) reducing supply on multiple levels and 2) forcing store closures as e-commerce growth accelerates. In 2021, we ...
LVMH's once hot pursuit of Tiffany has descended into acrimony. The French conglomerate led by boss Bernard Arnault has filed a lawsuit saying Tiffany has bungled its response to the coronavirus pandemic, and claiming the right to walk. A recent UBS survey found that luxury buyers...
In an unsurprising move, Ralph Lauren (RL) says it will trim its workforce as part of a structural change to adapt to a higher mix of a online sales."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 ...
As part of its Next Great Chapter plan, Ralph Lauren (RL) +1.3% PM, plans for simplified global organizational structure and roll out enhanced technology platforms.Plan highlights include, win over a new generation of consumers, energize core products and accelerate high potential, ...
Company accelerates key strategic priorities with a more streamlined organizational structure and new technology platforms Ralph Lauren Corporation (NYSE: RL) today announced steps to accelerate its Next Great Chapter plan to deliver sustainable long-term growth and valu...
Are These The Best Retail Stocks To Buy Or Sell This Month? Many retail stocks are still attempting to recover in the market. In late February through March, a number of retail stocks plunged to all-time lows. This is due to the coronavirus pandemic causing retail stores to close indefinit...
Continues support of global COVID-19 relief efforts At the 2020 US Open, New York City’s unsung heroes will be taking center stage as Ralph Lauren honors frontline workers, on the lines of the USTA Billie Jean King National Center’s center court. The names of over 150 ind...
The S&P 500 ( SPY ) has again made new all-time highs in recent days. After last reaching an all-time high on February 19th, 2020, the market index suffered one of the sharpest and quickest drawdowns on record. The index has subsequently recovered, leaving the broad index up slightly over ...
Ralph Lauren (NYSE: RL) stock has badly trailed the market in the wake of the COVID-19 pandemic, with shares down over 40% in 2020 through mid-August. The wider market is up by 6%. Investors have lost enthusiasm for the luxury apparel and accessories specialist in light of major consumer sh...
Ralph Lauren ( RL ) reported first-quarter earnings a few weeks ago. Weak results were expected, as the company's first-quarter felt the full-blown effects of the pandemic. That said, we believe performance should trend higher from here. Many companies we have been following point to April a...
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Ralph Lauren Corporation (NYSE: RL) (together with its affiliates, “ Ralph Lauren ”) notes recent media reports in Indonesia relating to disputes between PT Manggala Putra Perkasa (operating using the confusing “Polo Ralph Lauren Indonesia” name in Indonesia) and o...
2024-07-02 15:15:06 ET UBS analyst issues UNDERPERFORM recommendation for RL on July 2, 2024 01:01PM ET. The previous analyst recommendation was Underperform. RL was trading at $169.555 at issue of the analyst recommendation. The overall analyst consensus : BUY. Curr...
2024-07-02 15:15:05 ET Wells Fargo analyst issues BUY recommendation for RL on July 2, 2024 01:01PM ET. The previous analyst recommendation was Buy. RL was trading at $169.555 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analys...