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
Syms Sees Net Quintuple, Declares Special Dividend
NEW YORK — Off-pricer Syms Corp. parlayed a single-digit sales pickup into more than a fivefold increase in net income during the fourth quarter and declared a special $1-a-share dividend. During the 13 weeks ended Feb. 26, net income vaulted to...
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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)