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U.S. retailers prepare for the onslaught of Chinese tourists expected to celebrate the Chinese...

U.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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