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Ralph Lauren’s retreat from discounting helps bolster profit

Bloomberg Ralph Lauren Corp., the 50-year-old fashion brand known for its preppy style, is making good on its effort to rely less on markdowns—even if it means selling fewer clothes. The company posted earnings of $1.99 a share last quarter, topping analysts’ average projection by a dime. Ralph Lauren credited its pursuit of higher-quality sales channels and fewer discounts. Still, ...

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Jay-Z backed JetSmarter weighs IPO in 2019

Bloomberg JetSmarter’s Chief Executive Officer Sergey Petrossov said the members-only chartered-jet marketplace is considering fundraising options, including going public in 2019, as it rapidly ramps up flights around the world. “The company is big enough now” to go public, Petrossov said in an interview at the Fort Lauderdale International Boat Show. “But it will be very well-positioned in ’19”. Petrossov ...

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Google shuts off an airline booking tool in search

Bloomberg Alphabet Inc.’s Google is pulling a software tool that let small companies access search information on airfares, a potential blow to online travel newcomers. Google’s tool was opened in 2011 after its $700 million acquisition of ITA Software Inc., an online airfare broker. In approving the deal, a federal judge required that Google keep an ITA flight search and ...

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