Ralph Lauren's online sales in China jumped 76 percent in the fourth quarter, putting it back on track in China en route to recovery.
The New York-based company noted that loungewear and athleisure products were highly in strong demand as people have to stay at home.
Ralph Lauren was able to expand the number of stores that could fulfill online orders in China, an important growth market for luxury goods companies, during the pandemic.
It also offered digital services like advising on style and events, which is now testing in North America and Europe.
The company said that sales growth in China could return to pre-pandemic levels by the second quarter, with most of its stores there now open.
It is also hoping to sell its Spring collections that were stocked in warehouses later in the year.
However, Ralph Lauren said it expects significant struggles in fiscal 2021.


Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years
Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 



