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Business of Fashion: Ralph Lauren Closes 50 Stores and Cuts nearly 1,000 Jobs
The CEO of Ralph Lauren, Stefan Larsson just announced his “Way Forward” plan last week; shutting down 50 stores nationwide and letting go nearly 1,000 jobs in his latest strategy. Coming over from H&M and Old Navy, Larsson turned Gap’s sister store into a powerhouse by giving it a full makeover. Ralph Lauren’s net sales...