By  on May 29, 2008

Shares of Polo Ralph Lauren Corp. jumped 11.9 percent Wednesday after the luxury goods firm said fourth-quarter profits rose 41.4 percent, beating Wall Street estimates by 35 cents.

The firm intends to rev up its accessories business in fiscal 2009, but steer clear of initiating retail partnerships, such as the one it has with J.C. Penney for the American Living brand, Roger Farah, president and chief operating officer, told WWD.

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