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Ralph Lauren’s 4Q profit rises 35pc

Ralph Lauren Corp. is reporting a 35 percent increase in fourth-quarter profit, but economic challenges and certain strategic initiatives have cut into sales.

The New York-based company is reporting net income of USD127.2 million, or USD1.37 per share, for the three months that ended on 30 March.

That compares with USD94.4 million, or 99 cents US per share, a year earlier.