Discipline is paying off for Polo Ralph Lauren Corp.
Increasing control over the distribution of its products and tight cost controls are enabling the company to buck the global economic downturn, evidenced by a 7.8 percent jump in first-quarter profits and an increase in full-year earnings guidance. The growth was driven by Polo’s own-retail operations and sales at higher profit margins.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"