Ralph Lauren to close flagship store on Fifth Avenue

Ralph Lauren and Polo store at 711 Fifth Avenue (Credit: Getty Images)

From The Real Deal: Ralph Lauren is planning to close its Polo store on Fifth Avenue, the company’s largest retail location, as it tries to right the ship amid declining revenues.

The struggling fashion giant will close its 39,000-square-foot Polo store at 711 Fifth Avenue and will move that location’s wares to stores on Madison Avenue and downtown.[more]