Luxury

Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
July 16, 2024  |  Retail

As the luxury retail sector looks to strike a balance between digital accessibility and the more immersive, high-touch in-store experience, these upscale brands must create...

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Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement
Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement
July 15, 2024  |  Retail

From the metaverse to video game worlds, fashion companies are releasing digital clothing and accessories to create new sales opportunities and get consumers to engage...

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Report: Barneys New York Aims to Expand Product Offerings, Distribution
Report: Barneys New York Aims to Expand Product Offerings, Distribution
July 12, 2024  |  Retail

Barneys New York reportedly plans to expand both its product offerings and its distribution if the planned acquisition of Neiman Marcus Group by the owner...

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Signet Jewelers Cultivates Customer Loyalty Through Service
Signet Jewelers Cultivates Customer Loyalty Through Service
July 12, 2024  |  Retail

Signet Jewelers, the world’s largest diamond retailer, faces a distinct challenge in creating customer loyalty. Unlike frequently purchased consumer goods, jewelry purchases tend to be...

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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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Brands and Retailers Summer in the Hamptons With Luxury Pop-Ups
Brands and Retailers Summer in the Hamptons With Luxury Pop-Ups
July 06, 2024  |  Retail

As the summer season heats up, wealthy vacationers from the Northeast are getting in their cars and heading out to the Hamptons for seasonal luxury,...

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Wealthier Buyers Rethink Luxury as Brands Raise Prices
Wealthier Buyers Rethink Luxury as Brands Raise Prices
July 04, 2024  |  Retail

Are the world’s wealthy falling out of love with luxury goods? An opinion piece published Thursday (July 4) in the Financial Times argues that the rich —...

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Kleinfeld Owner Says the On-Demand Economy Catches Up to Weddings
Kleinfeld Owner Says the On-Demand Economy Catches Up to Weddings
June 28, 2024  |  Retail

With consumers increasingly expecting to be able to get anything they want, when they want it, bridal retail is picking up the pace, according to...

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Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024  |  eCommerce

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and...

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