Burberry

Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
July 10, 2024  |  Retail

With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging...

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Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
June 14, 2024  |  Retail

Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. The price cuts reflect growing concerns...

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Richemont’s Sales Soar on Strong Demand in China and Japan
Richemont’s Sales Soar on Strong Demand in China and Japan
January 19, 2024  |  Retail

Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...

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Is the Luxury Slowdown Normalization or Inflation? 
Is the Luxury Slowdown Normalization or Inflation? 
January 16, 2024  |  Retail

There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now...

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Apple Retail Veteran Angela Ahrendts Joins Kardashian’s Private Equity Firm SKKY
Apple Retail Veteran Angela Ahrendts Joins Kardashian’s Private Equity Firm SKKY
August 07, 2023  |  Retail

Private equity firm SKKY Partners has added former Apple Retail executive Angela Ahrendts as senior operating adviser. Ahrendts will work with SKKY Partners founders Kim Kardashian and Jay Sammons and the...

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Burberry and Richemont Look to Reopened China After 25% Sales Drop
Burberry and Richemont Look to Reopened China After 25% Sales Drop
January 18, 2023  |  Retail

After a COVID-inspired sales drop, luxury brands Burberry and Richemont see hope in China’s reopening. The country last week lifted some of its pandemic restrictions,...

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Report: Burberry’s Markdowns Hurt Its Luxury Image
Report: Burberry’s Markdowns Hurt Its Luxury Image
September 30, 2022  |  Retail

United Kingdom-based Burberry is reportedly facing the challenges of being a luxury brand whose image is not as upmarket as some of its rivals as...

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Luxury Brands Take Second Look at Secondhand Sales
Luxury Brands Take Second Look at Secondhand Sales
September 27, 2022  |  Retail

If you can’t beat ‘em, join ‘em. That’s the retail response that a growing list of luxury apparel brands and designers are taking as a...

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Burberry Joins Tiffany, Valentino and Coach in Closing Hong Kong Flagship
Burberry Joins Tiffany, Valentino and Coach in Closing Hong Kong Flagship
July 11, 2022  |  Retail

British luxury fashion brand Burberry is closing its flagship store in Hong Kong in a move that marks the latest in big-name fashion brands that...

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