Why Shares of Ralph Lauren Are Falling Today
Shares of Ralph Lauren (NYSE: RL) were down on Tuesday morning, after the company said it will temporarily close all of its stores in North America in response to the continued spread of COVID-19.
As of 10:30 a.m. EDT, Ralph Lauren's shares were down about 5.1% from Monday's closing price.
In a statement, the company said it will close all of its stores in North America for two weeks, from March 18 through April 1. All employees will receive their usual pay for that period.
Source Fool.com