It’s been nearly a week since retailer Ralph Lauren abruptly shuttered its Fifth Avenue flagship — but the struggling fashion house is still paying nearly $70,000 a day in rent. Not only has another tenant not stepped in to claim the space, but the owner of the property at 711 Fifth Avenue hasn’t yet hired a broker to market the 39,000-square-foot retail block. Ralph Lauren stunned observers when it said it would close the store […]

Source: trdnews

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