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
GOING DOWN: Isetan Co. Ltd. announced a drop of 38.5 percent in net profits to $66.4 million for the fiscal year ended March 31. Operating profits dropped 19.4 percent to $155.2 million, while sales decreased 2.2 percent to $5.2 billion compared with...
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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)