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Ralph Lauren Corp.'s profit plunged in its fiscal fourth-quarter on lower sales and higher costs, but still topped Wall Street expectations. Shares of the upscale clothing company edged up 45 cents to …
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Ralph Lauren earnings fall in 4Q but beats forecasts
The chief executives of seven top clothing companies, including Hennes & Mauritz Gap and Adidas , are calling on governments to agree a strong climate change deal, saying they fear global warming will drive up their costs. Almost 200 nations are meeting in Paris until Dec. 11, trying to work out a deal to limit a rise in temperatures blamed on increasing emissions of greenhouse gases. “We come together to acknowledge that climate change is harming the world in which we operate,” read the joint declaration, also signed by heads of Levi Strauss, Timberland-owner VF Corp , Eileen Fisher and Burton Snowboards.
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Top fashion CEOs fear rising costs from climate change
