USA retailers: prepared to cope with Trump's tariff measures.
On January 23, Glonghui reported that the CEOs of US retail groups such as Gap, Ralph Lauren, and Williams-Sonoma stated that they are prepared to deal with President Trump's tariff actions. Ralph Lauren's CEO, Patrice Louvet, mentioned that the proportion of supply from China has dropped from over 50% to 10%, and the company is ready to face Trump's tariff measures. He believes that once new tariffs are imposed, products will inevitably need to increase in price, but the extent of the increase will depend on consumer reactions to the price hikes.
Ralph Lauren appoints the North America region CEO to succeed the Chief Operation Officer position.
Globe News, January 22 | The USA fashion brand Ralph Lauren announced on Tuesday that it has appointed Robert Ranftl as the Chief Operating Officer, effective March 30. Ranftl joined Ralph Lauren in 2015 and is currently the Chief Executive Officer for the North America region. During his tenure, he oversaw the strategic expansion into key cities and the direct Consumer Business in the Canadian market.
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