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Updated · MarketWatch · Apr 29Ralph Lauren Corp. Cl A stock falls for third consecutive day
9 articles · Updated · MarketWatch · Apr 29
- Shares dropped 2.02% to $359.45 on Wednesday, closing 8.63% below the 52-week high reached on April 21.
- Despite the loss, Ralph Lauren outperformed competitors like VF Corp., Tapestry Inc., and Levi Strauss & Co., all of which also declined.
- The decline occurred amid a broadly weak trading session for the market, with trading volume notably below the 50-day average.
Ralph Lauren's stock is falling despite strong earnings. What does the market see coming? Will Ralph Lauren's booming Asian market be enough to offset a US consumer slowdown? As 'smart luxury' buyers emerge, is Ralph Lauren's traditional brand appeal still relevant? With tariffs potentially hitting 49%, can luxury fashion avoid a massive price hike? How will California's sweeping sustainability laws change the fashion industry forever?