Pandemic hammers Ralph Lauren's revenue
Ralph Lauren is getting slammed by a double whammy stemming from the pandemic: store closures and a slowdown in global demand for luxury goods.
Even quarterly online sales were weak. Unlike other retailers posting triple-digit sales increases over the Internet, Ralph Lauren’s North American online sales rose a mere 3%. Overall revenue in the region plunged 77%.
Analysts say the pandemic hits Ralph Lauren harder than other clothing companies. Known for its preppy Polo shirts and high-end fashions, it sells jackets, coats and dresses that cater to social and formal occasions. Analysts say its business likely won’t bounce back quickly as the global economy enters a recession.
Ralph Lauren’s quarterly revenue dropped by nearly $1 billion, plummeting by two-thirds as the company swung to a loss from a profit a year ago. Its top and bottom lines were worse than what Wall Street had expected.
Shares fell 8% in early trading Tuesday. They’ve now lost 45% of their value this year.
相關影片推薦
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音228,370 次觀看・23 小時前
- 1:50背刺青「要器捐」 老兵捐心.肝.腎 助4患者TVBS新聞網影音36,068 次觀看・1 天前
- 1:56新北議會衝突!陳明義兒2022選同區 早與蔣根煌結樑子民視影音97,809 次觀看・2 天前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞66,286 次觀看・1 天前
- 1:26白蟻研究重大突破! 興大證實首次發現雜交混種白蟻民視影音17,630 次觀看・21 小時前
- 1:09《淚之女王》即將大結局!預告搶先看 金秀賢一句話讓金智媛瞬間愣住了娛樂星聞4,383 次觀看・17 小時前
- 1:33日本明星公河馬是「女兒身」 天王寺動物園養七年才發現Yahoo奇摩(國際通)77,265 次觀看・1 天前
- 1:446歲女童站機車踏板出門 車禍釀脾臟破裂內出血|#鏡新聞鏡新聞26,624 次觀看・19 小時前
- 1:20退伍軍人暈倒送醫赫見背刺「捐器官」願望 遺愛助四人民視影音41,679 次觀看・1 天前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室27,002 次觀看・3 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人4,484 次觀看・1 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅19,848 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily2,768 次觀看・8 小時前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友10,612 次觀看・4 天前