Patti Waldmeir on the promise and peril of building a luxury retail presence inside the People's Republic of China:
Mainland luxury taxes are so high that even when discounted, luxury merchandise at outlets is still more costly than shopping overseas. [...]
In the nearby Gap outlet store, where hooded sweatshirts are offered in every conceivable colour, their price tag of Rmb399 is hardly a bargain. A shop assistant points out that a 50 per cent discount is offered – but only if shoppers buy six Gap items.
That's about a $65 hoodie at today's exchange rates, which is quite a bit more than the undiscounted prices listed on Gap.com today.
The Progressive Impersonator Martin O’Malley wants to be the liberal alternative to Hillary Clinton. It's a good strategy for an actual liberal.
Da-Da-Da-DAT-Dat, Da-Da-Da How the John Williams of TV sports wrote CBS’s iconic NCAA theme.