RALPH LAUREN TO CLOSE FIFTH AVENUE POLO STORE

In an effort to stem losses and streamline its business, Ralph Lauren has announced the closure of its dedicated Polo store at 711 Fifth Ave in New York City. The store’s products will be integrated into he Ralph Lauren men’s and women’s flagship stores on Madison Avenue and its downtown locations. The company plans on continuing operations at its seven other locations and its flagship Polo Bar Restaurant in New York. These moves are all part of its “Way Forward Plan” to bring the company back to sustainability and profitability.