Luxury retailers Saks Fifth Avenue and Neiman Marcus have their eyes set on the super-wealthy Chinese consumer, and they’re expected to implement a new personal identification number-based keyboard system to accept China UnionPay debit cards at select stores over time.
At Saks, the retailer is installing PIN keyboards in its Manhattan flagship on Fifth Avenue next month so it can accept the CUP payments. A Saks spokeswoman said, “We will then roll out to other markets as appropriate over the next few months.” The spokeswoman said the retailer hasn’t yet finalized the list for the rollout, but it will likely be in other “flagships, particularly in the gateway cities, such as San Francisco.”
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)