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February 07, 2006
Polo Sales Up 20%, Led By Luxury
Polo Ralph Lauren’s sales jumped 20% in the third-quarter thanks to the strength of its luxury line and strong holiday sales.
Profits for the quarter came in at $90.7 million, compared to $75 million for the year-ago period.
Its wholesale business was up 6% in the most recent quarter, while retail sales increased by 15%.
Luxury womenswear and accessories led the gains, and the company said it would continue to move more of its product line up market to sustain the growth.
Posted by Blacks on February 7, 2006 08:26 AM
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