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Actionable news in RL: RALPH LAUREN CORPORATION,

Ralph Lauren Cleaning Up Its Practice of Dumping Waves of Clothes Off to Marshall's Is Helping

Discounting less is paying off for Polo.

Before the market opened on Tuesday, Aug. 8, Ralph Lauren Corp. (RL) , the apparel and accessories designer, distributor and retailer, reported first-quarter adjusted earnings of $1.11 a share, beating the earnings of 95 cents a share analysts surveyed as Factset expected.

In late afternoon trading, shares of Ralph Lauren were up 9.35%.

Still, Ralph Lauren reported total revenue plunged 13% to $1.35 billion, still better than Wall Street's estimates for $1.34 billion. In North America, revenue declined 17%.

On July 17, Ralph Lauren introduced new CEO Patrice...


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