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Ralph Lauren’s severe declines continue across the company

Ralph Lauren starts its new fiscal year in much the same way as it ended the last one: with sales lines splashed with red ink to indicate the severe declines across most divisions of the company. The company reported a 13.2 per cent fall in sales to $1.35 billion in the quarter and a net income of $59.5 million, much better than the $22.3 million loss of the same quarter last year. Same-store sales fell 7 percent in the quarter. The figures were better than financial analysts were expecting than