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
Concord To Sell Cal. Equipment To Penn-Tex
NEW YORK -- Concord Fabrics said it has entered into an agreement to sell the machinery and equipment at its Chino, Calif., dyeing and finishing plant to Pennsylvania Textile Corp. (Penn-Tex), West Hazleton, Pa., for $2 million. The transaction is...
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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)