In yet another blow to the brick-and-mortar retail business, luxury retailer Michael Kors announced it will close up to 125 of its full-price stores. The company and its competitors have been facing slowing sales as more customers shop online and spend less on apparel. Michael Kors CEO John Idol announced the store closures in today’s […]
Despite its preppy image, Banana Republic began as a purveyor of modified military surplus and safari wear. The company's founders, Mel and Patricia Ziegler, had no business experience, but turned a small shop into a big brand.
Meet Master Chu Hongsheng on the first stop of our year-long series profiling the people who make their living on Changle Road, or the Street of Eternal Happiness, which bisects Shanghai.