Ralph Lauren to close down N.Y. Fifth Ave. store

05 April, 2017, 02:29 | Author: Joy Garcia
  • Italian clothes manufacturer Belstaff inside a leather jacket at a fashion shop in Frankfurt

In an effort to cut costs, Ralph Lauren is closing its flagship Polo store on Fifth Avenue in NY.

The latest efforts that are part of what the company called its "Way Forward Plan" will see RalphLauren carry out "a reduction in workforce" and eliminate some corporate operations.

Goods from the Fifth Avenue store will be sold at other Ralph Lauren stores in NY. It opened the first of those locations in its Polo flagship in 2014. Other Polo Stores around the country will remain open. The moves come on top of 50 store closures a year ago, a decision stemming from dwindling sales at its own stores as well as at the department stores like Macy's (m) that carry its products. It will also move to a more cost-effective e-commerce platform through a new collaboration with Salesforce's (CRM) Commerce Cloud.

Ralph Lauren Corp. includes a stable of brands including Polo Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection and Black Label, each incorporating an overarching sense of classic-yet-vogue fashion.

South Korea allows soccer team to compete in North Korea
Security Council, mainly in opposition of western sanctions on Syria's government for the alleged use of chemical weapons. But analysts agree that North Korea is determined to make progress on its nuclear and missile programs.

Hillary Clinton calls Trump's budget a 'grave mistake'
The investigation involves misconduct by Ambassador and security agents attached to then-secretary of state, Hillary Clinton . Their work illustrated a point Clinton stressed - that women are critical to peace negotiations.

United Kingdom remains 'absolutely steadfast' on Gibraltar after European Union signals Spanish Brexit veto
The sovereignty row between Britain and Spain over Gibraltar regularly stokes nationalist sentiment in both countries. Gibraltar's border with Spain was closed by former dictator Francisco Franco in 1969 and only reopened in the 1980s.

Meanwhile, Ralph Lauren expects to incur restructuring charges of approximately $370m as a result of these new activities.

"We continue to review our store footprint in each market to ensure we have the right distribution and customer experience in place", Nielsen said in a statement Tuesday.

"The decision will optimize our store portfolio in the NY area and allow us to focus on opportunities to pilot new and innovative customer experiences", said Nielsen. Its closing, scheduled for April 15, will leave the retailer with seven stores in New York City.

Ralph Lauren chief financial officer, Jane Nielsen comments that the closing is, in fact, aimed at freeing up the company to explore other ventures, hinting at the expansion of Ralph Coffee cafe.

Recommended:

  • Norwich police to launch distracted driving campaign

    Norwich police to launch distracted driving campaign

    Meanwhile, the Texas Department of Transportation says that previous year the number of distracted driving crashes increased. Gray said Greenwich Police could could give out endless tickets for texting and driving and never do any other police work.

    Trump grants US military more authority to attack militants in Somalia

    That sets the stage for an intensified pace of combat there, while increasing the risk that American forces could kill civilians. One of its worst attacks happened in 2010 when it bombed two World Cup viewing parties in Uganda , killing 74 people.

    Seattle challenges Trump over executive order on 'sanctuary cities'

    In the suit, the City of Seattle seeks a declaration that it is acting consistently with federal law and that the U.S. Constitution precludes application of the Order to deny it federal funds to which it is otherwise entitled.
  • Arsenal vs West Ham

    Arsenal vs West Ham

    West Ham are winless in six matches-losing the last four-and are now just six points above the relegation zone. West Ham were thrashed 5-1 by Arsenal in the corresponding fixture at the London Stadium in December.

    See What Your State Is Doing to Close the Gender Wage Gap

    The Jane the Virgin star partnered with Luna Bar for Women's Equal Pay Day to support her fellow women, as she was raised to do. If we don't step up, it will be another penny next year, another penny the following year, and yet another penny.
    The Voice final marred by stage invasion and Sir Tom Jones swearing

    The Voice final marred by stage invasion and Sir Tom Jones swearing

    He had been the bookies' favourite going into the final, where he beat Michelle John , Jamie Miller and runners-up Into The Ark . As the victor , Mo will receive a recording contract with Polydor Records, home to artists such as Take That and Ellie Goulding.
  • We Happy Few is getting the movie treatment

    We Happy Few is getting the movie treatment

    But while We Happy Few hasn't yet been completed, its developers have already struck a deal for a movie adaptation of the game. It sounds like early days for the We Happy Few movie, as the producers are now looking for writers for the script.

    Podolski Nets Winning Goal in Last Game for Germany

    England goalkeeper Joe Hart was given no chance, and Podolski had a look of incredulity as he wheeled away to celebrate.

    United Nations chief alarmed at Israel's decision to build new settlement

    The settlement noted also that settlement activities are illegal under worldwide law and present an obstacle to peace. The settlement issue, said Netanyahu afterwards, was a point where the two governments did not yet see "eye to eye".
  • Rays' Dickerson gets 1st hit, run of new major league season

    According to oddsmakers from online sports book Bovada.lv, the Yankees and Rays both have equal odds of -105 to win today's game. Giants: RHP Johnny Cueto starts Tuesday after an outstanding first season with the Giants, when he went 18-5 with a 2.79 ERA.
    United States  asks Hawaii judge to clarify ruling on Trump travel ban

    United States asks Hawaii judge to clarify ruling on Trump travel ban

    The Maryland plaintiffs also argued the ban illegally reduces the number of refugees authorized to enter the US this year. Trump says the measure is necessary for national security to protect the country from "terrorist attacks".
    US awards AT&T contract to build emergency broadband network

    US awards AT&T contract to build emergency broadband network

    Rivada Mercury plans to continue to work at the state level to build out first-responder networks. The First Responder Network Authority (FirstNet) is an independent agency under the U.S.


Popular

Mike Epps sorry for dancing with kangaroo on Detroit stage
The kangaroo was repeatedly picked up during the show and led around on a leash, which is what has animal rights activists upset. In one clip, the kangaroo appears to whack Epps in the face, prompting the comedian to dart off stage.

Jeff Hardy picked up his first ever WrestleMania win in Orlando
They had a wonderful Broken gimmick going on, but due to recent legal claims from Impact Wrestling that might have changed things. He spent a few more years with the WWE , having a great Intercontinental Championship run, but he once again left in 2009.

United Kingdom publishes White Paper to replace European Union law post-Brexit
Tusk said he would meet with British PM Theresa May in London before an April 29 summit in Brussels. Foreign Secretary Boris Johnson responded: "I think we really are moving forward now".

Sindhu conquers Marin to bag maiden India Open title
Sindhu, however, had a two points lead, 11-9, going into the break, and the match was set to be a thriller. She gained an 8-6 lead with the help of six consecutive points and the momentum swung in favour of her.

Strong Storms Possible Late-Day Monday
Google's map can alert you to any weather-related warnings or watches in your area, as well as display public shelter locations. The storms impacting this region are expected to move in our direction tonight, however, there will be some weakening over time.

Emmert: NCAA will decide next week whether to return to NC
A controversial compromise bill that replaces HB2 has passed the North Carolina General Assembly and has been signed by Gov. The director of the ACLU LGBT Project, James Esseks, said lawmakers "should be ashamed of this backroom deal ".

Malaysian PM Views Cooperation With India Vital in Fight Against Extremism
India is now Malaysia's tenth-largest trading partner, seventh-largest export destination and 12th-largest source of imports. Indian firms have moved to Malaysia in a big way, making it a base to do business with other Asean countries.

Netflix's 13 Reasons Why Premiere: Will You Keep Listening, Uh, Watching?
When teen Hannah (Langord) takes her life, she leaves behind tapes explaining the 13 reasons she made a decision to do so. On Wednesday, the 24-year-old singer posted a video on Twitter debuting her own rendition of the '80s hit "Only You".

Watch The Top Plays From The Sweet 16 And Elite 8
Five years later, I cried when Dwayne Wade and Marquette took out our best team since the last time the Wildcats won a title. I think guard Joel Berry needs to play well for the Tar Heels and his ankle will have had another week to heal by tipoff.

Here's how you can play Ms. Pac-Man on Google Maps
Functionality wise, it's not the easiest to play - and navigating roundabouts with the swipe controls is far from straightforward. And don't expect it to last long- we're coming up on April Fools' Day, a common source for pranks by the internet giant.