Ralph Lauren Corp.'s effort to streamline and restructure its business, which includes cutting back its exposure in department stores and reducing shipments to off-price channels, is beginning to pay off.
Defying stubborn department store and mall traffic weakness — and after an abysmal start to the retail year — consumers are loosening their purse strings, just in time for the critical holiday season.
A robust stock market and high levels of consumer confidence means good news for retailers this holiday season. But that doesn't mean Black Friday will be a blow-out.