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
China Dodges Quota Ax With New Pact
WASHINGTON -- The U.S. and China on Monday agreed to a new, three-year textile pact, averting the dramatic 25 to 35 percent reduction in China's apparel quotas that was slated to take effect the same day.
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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)