Media ID: 55352141
Caption:
A store of U.S. designer Ralph Lauren is seen in the mountain resort of St. Moritz, Switzerland March 15, 2016.
REUTERS/ARND WIEGMANN
by Asharq Al-Awsat English | Jun 7, 2016 | Fashion
Luxury fashion retailer Ralph Lauren Corp announced it would cut jobs, shut shops and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth. Ralph Lauren’s shares were down 10 percent at $86.50 in premarket trading on Tuesday....
