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Ralph Lauren plans big cuts, layoffs

Published on .

Polo Ralph Lauren Corp. is expected to announce major cutbacks and layoffs today, but executives close to the company said they don't anticipate the cuts will affect ad spending. Wall Street analysts expect an announcement detailing cutbacks from the apparel marketer to coincide with the release of Polo's quarterly earnings report Feb. 2.

Copyright February 1999, Crain Communications Inc.

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