Consumer
Ralph Lauren Falls on Investment Concerns, Europe Slowdown
Shoppers and tourists walk past a Polo Ralph Lauren store in Rome.
Photographer: Christopher Furlong/Getty ImagesRalph Lauren Corp. shares fell after its quarterly report raised concerns that strategic investments and a sales miss in Europe could slow the high-end apparel company’s momentum.
Same-store sales in Europe for the fiscal third quarter were flat, missing the average of analyst estimates compiled by Bloomberg, and after rising 17% last year.