Luxury

The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
March 24, 2023  |  Retail

The RealReal is reportedly shifting resources from its direct business to its luxury consignment business. One casualty of this move is the beauty products category....

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Hermès Brings Scarcity Model to the Beauty Industry
Hermès Brings Scarcity Model to the Beauty Industry
March 23, 2023  |  Retail

Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury...

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Luxury Brand Telfar Lets Consumer Demand Set Its Prices
Luxury Brand Telfar Lets Consumer Demand Set Its Prices
March 21, 2023  |  Retail

Luxury fashion brand Telfar wants to let consumers set their own prices. In an era when high-priced goods continue to show durability, the New York-based...

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Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
March 17, 2023  |  Retail

Chloé is helping the buyers of its clothes and accessories prepare those items for resale. With its Spring-Summer 2023 collection, the French luxury brand is...

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JPMorgan Helps Volvo Enter Indian EV Market
JPMorgan Helps Volvo Enter Indian EV Market
March 08, 2023  |  Digital Payments

J.P. Morgan has assisted Volvo’s entry into the Indian electric vehicle market. The Swedish luxury carmaker’s XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered...

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Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
March 02, 2023  |  Retail

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations...

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Hermès Q4 Sales Up 26% as Luxury Brand Caps ‘Particularly Robust’ Year
Hermès Q4 Sales Up 26% as Luxury Brand Caps ‘Particularly Robust’ Year
February 17, 2023  |  Retail

Hermès is seeing no slowdown in sales of luxury products. The luxury brand said in a Friday (Feb. 17) earnings release that it had a...

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Kering Says China’s COVID Restrictions Slowed Luxury Sales
Kering Says China’s COVID Restrictions Slowed Luxury Sales
February 15, 2023  |  Retail

Global luxury group Kering ran into headwinds during the fourth quarter. The group recorded a year-over-year decline in sales of 7% on a comparable basis...

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Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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