Ralph Lauren sales impacted by 70 million dollars

In response to continuing developments related to the coronavirus outbreak in China, Ralph Lauren Corporation is following the guidance of local authorities and global health organizations as it prioritizes the health and safety of its employees, consumers and partners. As part of this, approximately two thirds of the company’s stores in the Chinese mainland have been temporarily closed over the past week. The company also expects broader impact across its businesses in China and parts of Asia due to significantly reduced travel and retail traffic.