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
In Brief: WTO Grows Past a Gross … DIFFA’s Kickoff … May Co. Finds Two Fields … Pinto to Calvin …
WTO GROWS PAST A GROSS: Armenia became the 145th member of the World Trade Organization on Wednesday. The country is a small supplier of apparel and textiles to the U.S. For the year ending Nov. 30, imports from Armenia totaled 4.1 million square...
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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)