Making Sense of Chinese New Year Sales

The New Department Store ~/AAAHagA~/RgRh_2S8P0SLaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fY29udGVudD1ib2ZfbG9nb1cFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ ADVERTISEMENT ~/AAAHagA~/RgRh_2S8P0SjaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3Byb2Zlc3Npb25hbC9jYXNlLXN0dWRpZXM_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX2NvbnRlbnQ9YWRfc2xvdFcFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ WHAT YOU NEED TO KNOW TODAY: FRIDAY, FEBRUARY 5, 2021 - Brands are [bracing for slow Chinese New Year sales](~/AAAHagA~/RgRh_2S8P0TBaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2NoaW5hL2NoaW5lc2UtbmV3LXllYXItc2FsZXMtaGFuZy1pbi10aGUtYmFsYW5jZT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) but remain confident in the long-term prospects for the country’s travel retail sector. - Nordstrom sees [online and off-price as the key to post-pandemic growth](~/AAAHagA~/RgRh_2S8P0S2aHR0cDovL3d3dy5idXNpbmVzc29mZmFzaGlvbi5jb20vYXJ0aWNsZXMvcmV0YWlsL2RvbnQtY2FsbC1pdC1hLWRlcGFydG1lbnQtc3RvcmU_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~). - [Tapestry beat quarterly profit estimates](~/AAAHagA~/RgRh_2S8P0TZaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvbHV4dXJ5L3RhcGVzdHJ5LXByb2ZpdC1iZWF0cy1ob2xpZGF5LXF1YXJ0ZXItZXN0aW1hdGVzLWFzLWNoaW5hLWRlbWFuZC1zb2Fycz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) on higher luxury demand in China. - [Ralph Lauren missed third-quarter revenue estimates](~/AAAHagA~/RgRh_2S8P0TDaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvbHV4dXJ5L3JhbHBoLWxhdXJlbi1taXNzZXMtcXVhcnRlcmx5LXJldmVudWUtZXN0aW1hdGVzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk), sending shares down 2 percent. - [Dior ranked ahead of Chanel and Louis Vuitton](~/AAAHagA~/RgRh_2S8P0TRaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvbWFya2V0aW5nLXByL2Rpb3ItdG9wcy1uZXctcXVhcnRlcmx5LXJhbmtpbmctZm9yLWJyYW5kcy1tZWRpYS1pbXBhY3Q_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) on media impact in a Launchmetrics study. - Luxury retailers are taking advantage of [rent bargains in New York’s Soho](~/AAAHagA~/RgRh_2S8P0TPaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL2x1eHVyeS1kZXNpZ25lcnMtYmFnLWJhcmdhaW4tc3RvcmUtc3BhY2UtaW4tbWFuaGF0dGFucy1zb2hvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk). - Plus, Jake Barton, the founder of multidisciplinary design firm Local Projects, dissects [how to use technology to connect with consumers](~/AAAHagA~/RgRh_2S8P0TGaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3ZpZGVvcy90ZWNobm9sb2d5L2hvdy10by1tYWtlLXRlY2hub2xvZ3ktYS10b29sLWZvci1jb25uZWN0aW9uP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk). TOP STORIES [CHINA](~/AAAHagA~/RgRh_2S8P0TEaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9jaGluYT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fdGVybT1PR1JZTFg1R05SRU1MQktTUkZDN0tZQks3NCZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV90b3BpY1cFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [Chinese New Year Sales Hang in the Balance](~/AAAHagA~/RgRh_2S8P0TxaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2NoaW5hL2NoaW5lc2UtbmV3LXllYXItc2FsZXMtaGFuZy1pbi10aGUtYmFsYW5jZT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fdGVybT1PR1JZTFg1R05SRU1MQktTUkZDN0tZQks3NCZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV90aXRsZVcFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) By Zoe Suen ~/AAAHagA~/RgRh_2S8P0TxaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2NoaW5hL2NoaW5lc2UtbmV3LXllYXItc2FsZXMtaGFuZy1pbi10aGUtYmFsYW5jZT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fdGVybT1PR1JZTFg1R05SRU1MQktTUkZDN0tZQks3NCZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9pbWFnZVcFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ [Travel during China’s crucial Lunar New Year holiday is expected to hit a three-decade low, but some retailers are confident they can make back the losses in the months ahead.](~/AAAHagA~/RgRh_2S8P0TvaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2NoaW5hL2NoaW5lc2UtbmV3LXllYXItc2FsZXMtaGFuZy1pbi10aGUtYmFsYW5jZT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fdGVybT1PR1JZTFg1R05SRU1MQktTUkZDN0tZQks3NCZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9kZWtXBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRh_2S8P0TvaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2NoaW5hL2NoaW5lc2UtbmV3LXllYXItc2FsZXMtaGFuZy1pbi10aGUtYmFsYW5jZT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA1MDIyMSZ1dG1fdGVybT1PR1JZTFg1R05SRU1MQktTUkZDN0tZQks3NCZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9jdGFXBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [RETAIL](~/AAAHagA~/RgRh_2S8P0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9yZXRhaWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX3Rlcm09R0lENUhDSFhaNUFXVFBYV0JUTzZMVEZEREUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfdG9waWNXBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [Don’t Call It a Department Store](~/AAAHagA~/RgRh_2S8P0TnaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9kb250LWNhbGwtaXQtYS1kZXBhcnRtZW50LXN0b3JlP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV90ZXJtPUdJRDVIQ0hYWjVBV1RQWFdCVE82TFRGRERFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX3RpdGxlVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By Lauren Sherman ~/AAAHagA~/RgRh_2S8P0TnaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9kb250LWNhbGwtaXQtYS1kZXBhcnRtZW50LXN0b3JlP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV90ZXJtPUdJRDVIQ0hYWjVBV1RQWFdCVE82TFRGRERFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2ltYWdlVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [Nordstrom chief executive Erik Nordstrom lays out a high-touch plan that plays to the retailer’s strengths — but there are challenges ahead.](~/AAAHagA~/RgRh_2S8P0TlaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9kb250LWNhbGwtaXQtYS1kZXBhcnRtZW50LXN0b3JlP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV90ZXJtPUdJRDVIQ0hYWjVBV1RQWFdCVE82TFRGRERFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2Rla1cFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRh_2S8P0TlaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9kb250LWNhbGwtaXQtYS1kZXBhcnRtZW50LXN0b3JlP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV90ZXJtPUdJRDVIQ0hYWjVBV1RQWFdCVE82TFRGRERFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2N0YVcFc3BjZXVCCmAcvN8cYFE4pgtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [Power Moves | Jeff Bezos Steps Back at Amazon, Everlane Adds Expertise](~/AAAHagA~/RgRh_2S8P4QVAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L3Bvd2VyLW1vdmVzLWplZmYtYmV6b3Mtc3RlcHMtYmFjay1hdC1hbWF6b24tZXZlcmxhbmUtYWRkcy1leHBlcnRpc2U_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX3Rlcm09UVdURjRVVENFNUM1UkVQT1FETUozTjUyUU0mdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzNfdGl0bGVXBXNwY2V1QgpgHLzfHGBROKYLUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRh_2S8P4QTAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L3Bvd2VyLW1vdmVzLWplZmYtYmV6b3Mtc3RlcHMtYmFjay1hdC1hbWF6b24tZXZlcmxhbmUtYWRkcy1leHBlcnRpc2U_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wNTAyMjEmdXRtX3Rlcm09UVdURjRVVENFNUM1UkVQT1FETUozTjUyUU0mdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzNfY3RhVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [BoF PROFESSIONAL Join now and enjoy your first 30 days for just £1](~/AAAHagA~/RgRh_2S8P0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [START TRIAL](~/AAAHagA~/RgRh_2S8P0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) NEWS BRIEFS - [L Brands Names New CEO at Victoria’s Secret](~/AAAHagA~/RgRh_2S8P0TtaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcG93ZXItbW92ZXMvbC1icmFuZHMtbmFtZXMtbmV3LWNlby1hdC12aWN0b3JpYXMtc2VjcmV0P3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDUwMjIxJnV0bV90ZXJtPUJPSUUzTzczWU5ISU5DUUZRT09LUERYREZNJnV0bV9jb250ZW50PW5ld3NicmllZl8xVwVzcGNldUIKYBy83xxgUTimC1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) - [Milan Fashion Week Women’s To Proceed Mostly 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