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
Sara Lee Says Woes in Hosiery, Knit Units Will Hurt Results
CHICAGO -- Sara Lee Corp. reported companywide earnings for the second quarter ended Jan. 1 rose 7 percent, but said softness in knit and hosiery products should cut third-quarter results below analysts' current estimates.
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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)