Luxury

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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LVMH Tops $430B Market Cap
LVMH Tops $430B Market Cap
January 17, 2023  |  Retail

LVMH’s share price rose to over 800 euros on Tuesday (Jan. 17). The fashion and luxury goods group, which is listed on the Euronext Paris...

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Flush With Cash, Chinese Tourists Will Boost Spending in Fashion Capitals
Flush With Cash, Chinese Tourists Will Boost Spending in Fashion Capitals
January 09, 2023  |  Retail

Chinese tourists’ “revenge travel” will benefit high-end brands housed in the luxury capitals of the world. Call it, perhaps, a wave of “destination spending” that...

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Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
January 09, 2023  |  Retail

Rolls-Royce says it sees no sign of a slowdown in demand for its high-end vehicles. The British automaker said Monday (Jan. 9) that it enjoyed...

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No White Sales at Rolex as Luxury Watchmaker Prepares to Raise Prices
No White Sales at Rolex as Luxury Watchmaker Prepares to Raise Prices
January 03, 2023  |  Retail

Rolex is reportedly finalizing another round of price increases amid continued strong demand from luxury shoppers. This, according to a Bloomberg report Tuesday (Jan. 3)...

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The Year in Payments: From BNPL to FTX to the Digital Economy
The Year in Payments: From BNPL to FTX to the Digital Economy
December 28, 2022  |  Karen Webster

Looking for analysis of everything from the digital economy to consumers’ instincts about inflation? Let Monday be your guide. “Monday.” It comes from the Anglo-Saxon...

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Digital-First Shoppers Top 2022 Retail Technology Trends
Digital-First Shoppers Top 2022 Retail Technology Trends
December 27, 2022  |  Retail

In 2022, trends in retail technology materialized or matured in a year that defied predictions. Confining our scope to just what happened in retail, PYMNTS...

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Luxury Retail Sector Awaits Surge in Chinese Tourists
Luxury Retail Sector Awaits Surge in Chinese Tourists
December 27, 2022  |  Retail

The luxury retail sector is expecting more Chinese tourists after three years of pandemic restrictions. China announced Monday (Dec. 26) that it will lift international...

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Nike Tries to Outrun Snags With D2C and Concept Retail
Nike Tries to Outrun Snags With D2C and Concept Retail
December 19, 2022  |  Retail

Nike shoes are running hard as the famed footwear brand hustles to reverse a 2022 slide. As the Oregon-based athletic footwear, apparel and equipment maker...

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