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
The Development Dilemma
NEW YORK — As U.S. imports of Chinese apparel and textiles continue to skyrocket — up a combined 65.4 percent in the first quarter — it’s becoming increasingly clear that the world’s most populous country is going to be...
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