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Ralph Lauren books 214.7% Q2 profit hike, sales slide

2017-11-02 13:25:00| Daily apparel & textile news and comment - from just-style.com

Lower customer demand saw Ralph Lauren Corporation post a revenue decline that was in line with its expectations for the second quarter, despite posting a 214.7% profit hike as CEO Patrice Louvet said he is "encouraged" by the early progress the US apparel giant is making to strengthen its brand and better connect with consumers.

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