Ralph Lauren Corporation (RL) Could Raise Prices Soon, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Radar Including Big Tech Firms. Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed.

Ralph Lauren Corporation (NYSE:RL) is a high-end apparel company whose shares have managed to weather the storm that has hit the broader retail sector. The shares have gained 25.5% year-to-date as investors believe that the firm can withstand tariff-induced headwinds. Cramer’s previous comments about Ralph Lauren Corporation (NYSE:RL) have outlined that the firm is setting itself up for long-term success as it enjoys the demand for its “timeless” products. This time, he discussed Ralph Lauren Corporation (NYSE:RL) and price hikes:

“I was speaking to Patrice Louvet, who’s the CEO of the great Ralph Lauren. They put up incredible numbers. And we were both saying, it’s a Fall thing. In the Fall we’re going to see higher prices. We will. But I’m not one who’s going to say, how high and that it’ll be terrible. And the reason I say that is because, every one of these companies when I talk to them, they say the same thing. Look we’re better at sourcing than you realize. We’re not gonna get hung. We’re not gonna raise as much. You may not even see it. A home is 10% more.”

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Disclosure: None. This article is originally published at Insider Monkey.