Neither apparel brand, nor the key department stores that carry those brands, are buying inventory at previous levels.
News & Analysis: Ralph Lauren Corp
Rising numbers of coronavirus cases had investors rightly worried.
Earnings weren't quite what Wall Street had expected.
How soon can it recover?
RL earnings call for the period ending March 28, 2020.
A big rival got new financing, and there's growing optimism around this week's earnings.
A promising vaccine trial and reopening stores had investors in a buying mood.
Will wary consumers return to these full-price stores?
Will stores reopen soon? It's starting to look possible.
Ralph Lauren, Tapestry, Urban Outfitters, and Williams-Sonoma were all up nicely on Monday.