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Deflationary Pricing Trends Drive Goldman to Downgrade Levi’s, PVH, Ralph

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Retail sales have deteriorated, resulting in deflationary pricing trends that are now a key headwind for branded apparel companies. That’s according to a Goldman Sachs report published Wednesday, which saw the investment banking company downgrade PVH Corp., Ralph Lauren Corp. and Levi Strauss & Co. stocks. The tough backdrop for multibrand retailers has “negative implications for…

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