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Ralph Lauren starting to hit stride under new boss

Breakingviews
Jennifer Saba
In this 2015 file photo, Ralph Lauren, right, poses in his office with CEO Stefan Larsson in New York.
Jason DeCrow | AP

Ralph Lauren may be starting to hit its stride. The purveyor of preppy clothes on Wednesday reported an improvement in profitability and sold more Polo wear than expected. It's an encouraging sign for new boss Stefan Larsson's "Way Forward" plan, which includes paring down stores and stocking shelves quicker. Before long, the $8 billion company's altered gait could turn into a gallop.