By  on May 25, 2011

Polo Ralph Lauren Corp. Wednesday weathered a rare earnings decline in the fourth quarter as it plotted a course for future growth through international retail expansion.

Roger Farah, president and chief operating officer, told WWD that the company would put over $1 billion into capital expenditures over the next three years, including $325 million in the new fiscal year alone, and that “70 percent” of the total would be focused on growing the company’s store base internationally, particularly in Europe and through concession shops in China and Hong Kong.

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