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| Pink Ralph Lauren dress of Gwyneth Paltrow (Photo credit: Wikipedia) |
After eight years of trying to attract younger consumers with its youth-oriented Rugby label, Ralph Lauren Corp. recently announced it will shutter the 14-store chain by February. The death of the budding brand, known for edgier prep, represents a rare misstep for the fashion stalwart, which has enjoyed decades of growth in the luxury arena.
