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
Luxury Drives Saks to Quarterly Profit, Nordstrom Leaps 75.6%
NEW YORK — Luxe led the way.
Propelled by a robust bounce back from its Saks Fifth Avenue luxury division, Saks Inc. reversed year-ago losses and ran contrary to expectations of a loss with a small but sorely appreciated third-quarter...
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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)