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People pass the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)

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polo_ralph_lauren_30474.jpg

People pass the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)

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polo_ralph_lauren_37076.jpg

Traffic passes the Polo Ralph Lauren store on Fifth Avenue, Tuesday, April 4, 2017, in New York. Ralph Lauren Corp. said that it is shuttering the high-profile store less than three years after opening it. The closure is part of the New York fashion company's plan to save $140 million annually. The company said it will close other stores, cut jobs and shut some corporate offices, but did not provide details. (AP Photo/Mark Lennihan)