Bolstered by strong wholesale sales and a lower tax rate, Polo Ralph Lauren Corp. on Wednesday posted third-quarter results that easily beat Wall Street's expectations.
The company also acknowledged a shift in shopper sentiment and spending, but told WWD that consumers seem to be pulling back more in the U.S. than in other markets. Roger Farah, president and chief operating officer, described the change in consumer sentiment and spending patterns as "unprecedented," referring to the abruptness of the change and how it was felt across all channels in the U.S.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)