It was in the business news
RRL at 1069 Wisconsin Ave. NW "” which stocks Ralph Lauren's vintage-inspired line "” will sell its last leather belt to Georgetown shoppers this weekend.
The store, pronounced "double R-L," has been open since June 2007 and will close Feb. 21.
"It was a strategic business decision to close the store," said
Ryan Lally, director of corporate communications for Polo Ralph Lauren Corp. "The RRL merchandise assortment, which is available at other Ralph Lauren stores in the D.C. area, will be enhanced."
The RRL line is named after Ralph Lauren's ranch in Ridgway, Colo. and made its North American debut in the early 1990s.
There will be no impact to Ralph Lauren's Rugby store next door at 1065 Wisconsin Ave. or its cafÃ©, said the company, adding that all other D.C. Ralph Lauren stores will remain open.
The New York-based retail giant (NYSE: RL) reported earnings of $105 million for the three months ended Dec. 27, or $1.05 per diluted share, compared to $113 million, or $1.08 per diluted share, for the same period a year earlier.