0958 ET - Ralph Lauren had already planned to increase prices on some items for the fall but is now looking at additional price increases in response to tariffs. Ralph Lauren says its core consumers are less price sensitive and are continuing to spend. In addition to targeted price increases, it also plans to reduce discounts. The company bucked the slowdown in luxury goods and reported an 8% revenue increase in its latest quarter. Ralph Lauren is up 1.3%. (Suzanne.Kapner@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 09:58 ET (13:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.