luxury goods

Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
October 11, 2024  |  Retail

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down...

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Mytheresa Leans into Digital Experiences and Global Events
Mytheresa Leans into Digital Experiences and Global Events
September 12, 2024  |  Earnings

For Mytheresa CEO Michael Kliger, there was no doubt about his company’s performance during the fourth quarter and fiscal year. “We clearly see ourselves as a...

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Investors Bullish on Farfetch After Strong Results Announced in May
Investors Bullish on Farfetch After Strong Results Announced in May
June 09, 2023  |  Retail

Shares of luxury eCommerce retailer Farfetch have been on the rise. The British luxury goods merchant’s shares rose as much as 15% Friday amid elevated trading volume,...

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RH Expands Upscale Brand as Demand for Home Furnishings Tumbles
RH Expands Upscale Brand as Demand for Home Furnishings Tumbles
March 30, 2023  |  Retail

The market for home furnishings is “likely getting worse before it gets better.” So said RH Chairman and CEO Gary Friedman Wednesday (March 29) during the luxury home furnishings...

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Kream’s Series C Funding Round Boosts Valuation to $742 Million in Reselling Marketplace 
Kream’s Series C Funding Round Boosts Valuation to $742 Million in Reselling Marketplace 
March 23, 2023  |  Retail

Luxury resale platform Kream has secured $168 million in a Series C funding round, valuing the company at approximately $742 million, doubling its previous value of $306...

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Farfetch Aims to be at Center of Luxury Brands’ Shift to Digital
Farfetch Aims to be at Center of Luxury Brands’ Shift to Digital
February 27, 2023  |  Retail

Luxury retail marketplace Farfetch is facing the same inventory and macroeconomic headwinds as other players in the sector but is pushing forward with plans to...

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South Korea Leads World in Per Capita Spending on Luxury
South Korea Leads World in Per Capita Spending on Luxury
January 13, 2023  |  Retail

South Korea reportedly leads the world in per capita spending on personal luxury items. The country’s citizens spend $325 per capita each year on these...

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Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
November 17, 2022  |  Retail

Drawing on a 40-year purview as a Macy’s employee that began as a trainee in 1983 and has seen him in the role of chairman...

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Local Payments, Platforms Key to Keeping Asian Consumers Spending on Luxury Brands
Local Payments, Platforms Key to Keeping Asian Consumers Spending on Luxury Brands
August 29, 2022  |  Cross Border Commerce

The rise of eCommerce — and specifically, preferred payment methods — is a lifeline for luxury brands, for the marquee names that, in large part,...

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