As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space.
The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce.
Who gives a shit?
horrible
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: