Ralph Lauren to sublease Fifth Ave. location for a fraction of the cost

Ralph Lauren is subleasing its Fifth Avenue location for just a fraction of the price. Mango, the Spanish fast-fashion retail chain, has agreed to take on the 28,300-square-foot store at 711 Fifth Avenue on the corner of East 55th Street, Business Insider reported. Under the deal, Mango will pay $5 million annually, less than 20 percent of the more than $27 million per year that Ralph Lauren pays to occupy the prime piece of real