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Stock impact report

Ralph Lauren Corporation Provides Business Update on COVID-19

Ralph Lauren Corporation (RL) 
Last ralph lauren corporation earnings: 2/4 08:01 am Check Earnings Report
US:NYSE Investor Relations: investor.ralphlauren.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ralph Lauren Corporation (NYSE: RL) today shared details regarding the additional steps the Company is taking to navigate the impacts of COVID-19.From the onset of the global pandemic, our priority has been to ensure the safety and well-being of our employees, consumers and the communities in which we operate globally. We have taken a number of related steps over the last few months, including the decision to temporarily close stores, during which we have been paying employees their normal salaries. On March 31, we provided additional updates on how we are managing our business through the unfolding health crisis, including pausing capital improvement projects and aligning inventory to anticipate future product demands. The Ralph Lauren Corporate Foundation also allocated $10 million for emergency relief, with the majority of those funds earmarked to assist Company employees with urgent needs resulting from the global pandemic. The Foundation, in partner Show less Read more
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