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)
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