Ralph Lauren expects tariff, freight costs to rise

By Uday Sampath Kumar (Reuters) - Ralph Lauren expects higher tariff and freight-related costs to hit profits in the second half of its fiscal year, the upscale fashion group said on Tuesday, overshadowing upbeat quarterly sales and driving its shares down 6 percent. Rising freight and commodity costs, a result of a shortage of truck drivers, has plagued nearly every consumer goods company this year. In response, most companies including Ralph Lauren are offering fewer discounts to shield profits

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