Ralph Lauren’s Exit From Many Department Stores Is Helping Profits

Ralph Lauren rl is seeing firsthand that less can sometimes mean more.

The 50-year American preppy standard-bearer reported stronger than expected revenue and profit margins, thanks in part to the painful restructuring of its business in which it is seeking to rely less on discounting to generate sales and restore luster to the Ralph Lauren brand.

The company, founded in 1967 by its namesake, has been in the process of exiting some 20% to 25% of the...

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