Luxury

Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
May 15, 2023  |  Retail

The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for...

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European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
May 03, 2023  |  Retail

Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which...

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Skims Taps Saks to Launch Shop-in-Shop Experience for Customers 
Skims Taps Saks to Launch Shop-in-Shop Experience for Customers 
May 02, 2023  |  Retail

Skims, a brand created by Kim Kardashian that specializes in underwear, loungewear and shapewear, has expanded its retail reach through a partnership with luxury department...

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Gen Z Shoppers Knowingly Buy Fakes to Save Money
Gen Z Shoppers Knowingly Buy Fakes to Save Money
April 27, 2023  |  Retail

Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase...

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Authentic Brands Group Strengthens Luxury Position With Acquisition of Vince 
Authentic Brands Group Strengthens Luxury Position With Acquisition of Vince 
April 25, 2023  |  Retail

Authentic Brands Group (ABG) is looking to strengthen its position in the luxury market with another acquisition. The group has entered into a deal with...

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Valentino Sees Sales Climb 10% Despite ‘Shaky’ China
Valentino Sees Sales Climb 10% Despite ‘Shaky’ China
April 24, 2023  |  Retail

Italian luxury brand Valentino has seen sales rise thanks to its directly-owned stores. As Reuters reported Monday (April 24), Valentino enjoyed an 18% increase in...

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LVMH Market Value Tops $500 Billion in 1st for Europe
LVMH Market Value Tops $500 Billion in 1st for Europe
April 24, 2023  |  Retail

Luxury retailer LVMH’s market value has surpassed $500 billion in a first for European firms. The milestone, observed Monday (April 24) in multiple media accounts,...

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Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
April 22, 2023  |  Retail

Luxury retailers are promoting exclusivity as a way to focus on their core customers and keep them engaged. Following in the footsteps of iconic brands...

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Luxury Brand Brunello Cucinelli Grows Sales Despite Inflation
Luxury Brand Brunello Cucinelli Grows Sales Despite Inflation
April 19, 2023  |  Retail

In the first quarter of the year, Italian luxury group Brunello Cucinelli, most renowned for its cashmere apparel, witnessed sales growth of 33% at constant...

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