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
U.S. Seeking Broader Scope for Doha Plan
The U.S. said Wednesday that a draft proposal in the Doha Round of global trade talks to lower tariffs on industrial goods was not far-reaching enough in opening markets and called for steeper cuts by emerging economies.
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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)