Are consumers still spending money on goods and apparel in a slowing economy? “Upper-end apparel seems to be doing better than lower-end. Now is the economy for the haves versus the have nots. Ralph Lauren (RL) consumer happiness continues to grow year-over-year. There is growing demand for high-end apparel with higher quality and more luxury-type brands. Ralph Lauren’s renewed brand image and clothing styles are working in their favor. The RL stock price is down almost 22% year-to-date and now could be a good entry opportunity for investors given the shopping trends,” says LikeFolio’s Andy Swan. Tom White and Kevin Hincks weigh in on the historic and iconic image that is associated with Ralph Lauren (RL).
09 Nov 2022