In Ralph Lauren’s latest effort to save some cash amid slumping sales and better compete with fast fashion, the company says it will be closing some stores — including its flagship Polo location in New York City — cutting jobs, and restructuring its e-commerce operations.

The retailer will be closing stores as part of its “continued commitment to optimizing its store footprint,” though it declined to say how many jobs will be affected. Though the brand’s flagship store on Fifth Ave. in Midtown Manhattan will be closing its doors on April 15, there are seven other store locations in the city that will remain.

“We continue to review our store footprint in each…