✉news BusinessRetail first seen 4 d ago, last 4 d ago, peak #3
Ralph Lauren leans on wealthy shoppers as retail softens
Original: Ralph Lauren has its wealthy shoppers to thank as retail softens
Ralph Lauren is performing well despite a broader retail slowdown, with the company's affluent customer base continuing to spend on its higher-priced apparel. The brand's focus on wealthy shoppers has insulated it from the softening demand affecting much of the retail sector, according to TheStreet.
Why now: Ralph Lauren's resilience amid a general retail slowdown is drawing attention to how luxury and affluent consumers are still spending.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2671104