A tale of two Ralphs illustrates a K-shaped economy

A tale of two Ralphs illustrates a K-shaped economy

John and Theresa Anderson meandered through the sprawling Ralph Lauren clothing store on Rodeo Drive, shopping for holiday gifts. They emerged carrying boxy blue bags. John scored quarter-zip sweaters for himself and his father-in-law, and his wife splurged on a tweed jacket for Christmas Day. β€œI’m going for quality over quantity this year,” said John,…

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