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Ralph Lauren's (RL) Q3: The slip in revenue compared to last year was due to sluggishness in the...
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Friday, November 2, 2012, 8:15 AM ETRalph Lauren's (RL) Q3: The slip in revenue compared to last year was due to sluggishness in the Wholesale Sales segment, down 8% to $915M, as the company proactively cut shipments to Europe. Retail Sales revenue up 5% to $861M with e-commerce initiatives contributing. For FY13, Ralph Lauren cuts its outlook for revenue growth to 2%-3% from a prior estimate of a mid-single-digit pace. RL +0.8% premarket. (PR)
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