Ralph Lauren, Michael Kors Buck Retail Spending Woes
Consumers are still splurging on Ralph Lauren polos and Jimmy Choo shoes, helping those brands buck the inventory troubles and spending shifts that have tripped up other retailers this year.
Ralph Lauren Corp. said Tuesday that revenue rose 8% in its first quarter and is on track to rise about 11% for its fiscal second quarter. Capri Holdings Ltd. , which owns Versace and Jimmy Choo as well as Michael Kors, said quarterly revenue rose 8.5%, despite declines in China, a key market.
Consumers are still splurging on Ralph Lauren polos and Jimmy Choo shoes, helping those brands buck the inventory troubles and spending shifts that have tripped up other retailers this year.
Ralph Lauren Corp. said Tuesday that revenue rose 8% in its first quarter and is on track to rise about 11% for its fiscal second quarter. Capri Holdings Ltd. , which owns Versace and Jimmy Choo as well as Michael Kors, said quarterly revenue rose 8.5%, despite declines in China, a key market.
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