Ralph Lauren Sales Almost 60% Percent Down Due to COVID-19

Ralph Lauren Sales Almost 60 Percent Down Due to COVID-19. 

A 3% increase in online sales couldn’t combat the 77% decline in bricks-and-mortar sales, although the company noted that most of its stores worldwide have reopened. Wholesale revenue dropped 93%. Overall digital sales in the quarter rose 13%. How long will it take for Retail to bounce back or will this become the new norm?