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Will Ralph Lauren's New Store Openings Drive Global Expansion?

Zacks Investment Research·
Will Ralph Lauren's New Store Openings Drive Global Expansion?

Ralph Lauren Corporation opened 22 new owned and partner stores globally, including locations in Los Angeles, Palo Alto, and Istanbul. The company achieved 12% global DTC comparable sales growth and 25% sales increase in Asia, with China sales surging over 40%. The expansion supports the company's 'Win in Key Cities' strategy while maintaining a cautious approach to European markets.

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