Feb 6 (Reuters) - Ralph Lauren ( RL ) raised its annual
revenue forecast on Thursday, betting on more younger shoppers
picking up its spring collection of dresses, skinny cuffed
trousers and floral dinner jackets.
Unlike European fashion houses LVMH, Hugo Boss
and Kering, Ralph Lauren ( RL ) has enjoyed strong
demand as efforts to invest in brands such as Polo and Purple
Label helped pull in wealthy shoppers, especially from the
younger demographic.
Ralph Lauren ( RL ) has also posted strong sales in China over the
past nine quarters, as an e-commerce expansion on Douyin and the
opening of full-price stores boosted demand for its clothing.
The company now expects 2025 revenue to increase between 6%
and 7%, compared with its prior forecast for a 3% to 4% rise.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by
Devika Syamnath)