China is poised to replace Japan as the world's second-largest retail market by 2012, even as inflation slows some momentum from the consumer giant, a new report by TNS Retail Forward said.
Fashion is set to be a cornerstone of that growth, with homegrown and international names looking to tap into the market. By 2012, apparel and footwear sales are expected to reach $214 billion, a 71.2 percent rise from $125 billion last year, according to the study "Strategic Focus — China's Retail Landscape."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)