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Stock impact report

A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economy [Los Angeles Times (CA)]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
The K-shaped economy shows high-income households thriving with rising pay and asset gains while lower-income families squeeze budgets amid inflation and stagnant wages. Ralph Lauren's stock surged more than 35% over the last six months while Kroger's fell more than 10%. John and Theresa Anderson meandered through the sprawling Ralph Lauren clothing store on Rodeo Drive , shopping for holiday gifts. They emerged carrying boxy blue bags. John scored quarter-zip sweaters for himself and his father-in-law, and his wife splurged on a tweed jacket for Christmas Day. “I'm going for quality over quantity this year,” said John, an apparel company executive and Palos Verdes Estates resident. They strolled through the world-famous Beverly Hills shopping mecca, where there was little evidence of any big sales. One mile away, shoppers at a Ralphs grocery store in West Hollywood were hunting for bargains . The chain's website has been advertising discounts on a wide variety of product Show less Read more
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