Ralph Lauren’s Financial Results Top Estimates

Clothing retailer Ralph Lauren (RL) has issued second-quarter financial results that topped Wall Street’s forecasts. The New York City-based company known for its polo shirts reported earnings per share (EPS) of $2.70 U.S., which was above the $2.48 U.S. consensus forecast of analysts. The profit was up 15% from a year earlier.Revenue of $1.50 billion U.S. was in line with Wall Street expectations. Sales growth was driven by a 6% year-over-year increase in Europe and a 4% gain in Asia. The strong results were attributed to several factors, including cost controls with lower marketing spending…

Brant County man charged with assault police

A 61-year-old Brant County man has been charged following an Aug. 7 encounter with a Brant OPP officer. Police say an OPP officer accompanied a Brant County bylaw enforcement officer during a visit to a Mount Pleasant Road residence in Scotland to speak to the homeowner just before 1:30 p.m. The OPP officer was confronted […]

Asia Down as Wall St. Recovers

Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision.In Japan, the Nikkei 225 index dropped 258.47 points, or 0.7%, to 34,831.15. In Hong Kong, the Hang Seng index poked ahead 13.97 points, or 0.1%, to 16,891.83.Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers.On Thursday, investors in Asia will assess…

Letters August 8, 2024: ‘Someone should be held accountable for the Jasper disaster.’

SHOCKING READ ABOUT JASPER FIRE Re: GUNTER: Jasper blaze exposes possible flaws in Parks Canada wildfire strategy, online, July 25 I was both shocked and angry after reading Lorne Gunter’s chronological, well-documented exposé of the real cause of the fire that devastated one of Canada’s most famous and revered tourist destinations in Jasper, Alta. Apparently, […]