Now Reading
Ralph Lauren raises its revenue forecast for this year

Ralph Lauren raises its revenue forecast for this year

View Gallery

Due to a recovery in demand for luxury goods, Ralph Lauren Group has announced that it is raising its growth forecast for 2021. However, the group warns that supply costs will rise to meet this new demand.

 

The increase in sales in North America has particularly helped Ralph Lauren to raise its revenue forecasts for 2021, in line with the rebound of the luxury industry after the losses due to the 2020 pandemic. Consumers are starting to go out and consume again. Many are splurging on their wardrobes.

 

See Also


Ralph Lauren‘s European peers, including LVMH and Hermès, also reported strong sales increases, despite concerns about a slowdown in China and a decline in tourist purchases, a key source of revenue for the sector.

 

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Ralph Lauren

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top