Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.
The decision could be a landmark ruling for Western brands in China.
December 8, 2016
• Nyima Pratten
Puma in Black in Quarter Sees Profitable Year
HERZOGENRACH, Germany -- Puma AG, an athletic footwear and apparel group, returned to the black with pretax profits of $6.9 million (11.5 million marks) on a 0.7 percent drop in sales to $70.1 million (117.1 million marks) in the first quarter ended...
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@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)