Updated Aug. 10, 11:50 a.m.
While Tapestry Inc. guarantees to alter the face of the American fashion landscape with its $8.5 billion deal to purchase Capri Holdings, Ralph Lauren Corp. has already modified — and likes its position very much.
Just because the market was digesting news of the mega takeover, Ralph Lauren weighed in with first-quarter results that showed the corporate was continuing its long quest to raise its image and to boost prices. The corporate raised its average unit retail prices 15 percent across its direct-to-consumer network, on top of an 8 percent gain a yr ago.
That higher-end focus and strength in Europe and Asia helped the corporate blunt the impact of weakness in its home market and topped earnings...
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