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.
Don’t Sweat the Dodd-Frank Rollback Congress just gave Wall Street a win. It also opened the door for smarter, better financial reform.
What Happened at Slate This Week? Staff writer Lily Hay Newman shares what stories intrigued her at the magazine this week.
The Music Club
The Music Club, 2014 Entry 16: RTJ 2 may be the safe choice for rap album of the year, but that doesn’t make it wrong.
Squash vs. Baseball! Wrestling vs. Golf! Good riddance to the days when sports had to fight each other for Olympic survival.