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Actionable news in RL: RALPH LAUREN CORPORATION,

Ralph Lauren (RL) Stock Tumbles Before Tomorrow’s Q4 Earnings Release

NEW YORK (TheStreet) -- Ralph Lauren (RL - Get Report) stock is declining 4.75% to $85.11 on heavy trading volume on Wednesday afternoon along with the retail sector after Macy's (M) delivered weak quarterly sales this morning.

Before today's market open, Macy's reported a 7.4% year-over-year decline in revenue and a 5.6% drop in comparable stores for three months ended April 30.

Ralph Lauren is also expected to report a year-over-year decrease in revenue as well as a steep decline in earnings per share for the fiscal 2016 fourth quarter. The New York City-based apparel and accessories company will release its quarterly financial report before the opening bell...


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