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Ralph Lauren is one of the worst performing stocks so far in 2015. Does Wall Street know something the rest of us don’t?
At first glance, a selloff seems unwarranted. America’s iconic polo emblem can be found in plenty of people’s closets. The brand just opened its first stores in Brazil and the Philippines. In September, Ralph Lauren will open an “uberluxe” store in Milan for VIPs, which is getting a lot of buzz.
The brand still has cachet — celebrities continue to showcase the designer’s high-end gowns on the red carpet. Kim Kardashian recently posted a photo of her husband Kanye West having dinner with “his idol Ralph Lauren” at the Polo Bar in New York City.