By Richa Naidu and Arriana McLymore CHICAGO (Reuters) -Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on Monday i.
(Reuters) -Ralph Lauren Corp said on Tuesday it expects to face higher shipping and commodity costs in the next few months as the high-end apparel maker is spending heavily to ensure stores are stocked with its Polo shirts and sports jackets during the holiday season. Unlike its European luxury peers, which manufacture the bulk of their products in their home market, Ralph Lauren sources the vast majority of its offerings from outside the United States, with 40% manufactured in China and Vietnam alone, making the company more susceptible to shipping delays and factory closures. However, Ralph Lauren said it was confident it would have enough stock to meet holiday demand, in part because it is spending heavily to ship products by air.
(Reuters) -Ralph Lauren Corp said on Tuesday it expects to face higher shipping and commodity costs in the next few months as the high-end apparel maker is spending heavily to ensure stores are stocked with its Polo shirts and sports jackets during the holiday season. Unlike its European luxury peers, which manufacture the bulk of their products in their home market, Ralph Lauren sources the vast majority of its offerings from outside the United States, with 40% manufactured in China and Vietnam alone, making the company more susceptible to shipping delays and factory closures. However, Ralph Lauren said it was confident it would have enough stock to meet holiday demand, in part because it is spending heavily to ship products by air.
Coca-Cola Co said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio to take on market leader, PepsiCo Inc's Gatorade.