Ralph Lauren Warns of Higher Supply Chain Costs to Meet Holiday Demand

Ralph Lauren Warns of Higher Supply Chain Costs to Meet Holiday Demand
A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, Calif., on July 30, 2020. Mario Anzuoni/Reuters
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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.

The New York-based company’s shares fell 4 percent in morning trade even after the company raised its full-year revenue forecast.