Ralph Lauren, the impact of coronavirus

Ralph Lauren, the impact of coronavirus

With two-thirds of its stores in China temporarily closed due to the coronavirus epidemic, classic American fashion company Ralph Lauren Corporation announced that it expects the health crisis to have a negative impact of between $55 million and $70 million on its sales in 2020. Ralph Lauren has temporarily closed two-thirds of its stores in mainland China. The company, which has shut most of its Chinese stores in line with guidance given by both local authorities and global health organizations, also announced that it expects its operating income in China, Japan and Korea to be negatively impacted to the tune of between $35 million and $45 due to the coronavirus outbreak.