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U.S. retailers prepare for the onslaught of Chinese tourists expected to celebrate the Chinese...
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Friday, February 8, 10:38 AM ETU.S. retailers prepare for the onslaught of Chinese tourists expected to celebrate the Chinese New Year by hitting high-end stores. In measures designed to stoke sales, department stores such as Saks (SKS +0.6%) and Macy's (M -0.1%) in New York City have adopted their payment systems to accept China UnionPay credit cards and are training their staff to learn simple Chinese phrases.
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