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Management
Ralph Lauren Q4 ahead of estimates as Asia, Europe shine
US fashion label Ralph Lauren has beat its own sales expectations for the fourth quarter and full year as its Asia and Europe markets offset a drop in US sales. The New York-based company said sales were up 1 percent in the fourth quarter - or 9 percent on a constant currency basis - as a 3 percent drop in its home North America market was...
Management
Gap narrows Q1 losses despite drop in sales
US fashion and lifestyle giant Gap reported a 6 percent drop in sales in the first quarter of the year, but its stock price jumped as its losses narrowed. In the three months ended April 29, the retailer made sales of 3.28 billion dollars compared to the 3.48 billion dollars it reported a year earlier amid a backdrop of rising inflation and...