Luxury

Nordstrom Hurt by Soft Demand From Lower-Income Shoppers
Nordstrom Hurt by Soft Demand From Lower-Income Shoppers
November 23, 2022  |  Retail

Cost-conscious shoppers continue to shy away from Nordstrom, with the luxury retailer still feeling the effects of a paycheck-to-paycheck economy in the form of declining...

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Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
November 17, 2022  |  Retail

Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement...

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Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
November 15, 2022  |  Retail

Researchers at Spain’s Universitat Politècnica de Catalunya recently published a study showing that reusing 1kg of clothing could save 25 kg of carbon dioxide emissions....

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EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
October 24, 2022  |  Retail

Dek: The decision to scrap a VAT exemption for travelers to the U.K. will be felt most by the country’s luxury retailers, which are largely...

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EBay Bids on Luxury Recommerce to Woo Young Shoppers
EBay Bids on Luxury Recommerce to Woo Young Shoppers
October 23, 2022  |  eCommerce

After spending years in a losing battle with Amazon, eBay is returning to its roots. In an interview with the Financial Times (FT) Friday (Oct....

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Luxury Resale Competition Spikes as ‘What Goes Around’ Opens Amazon Storefront
Luxury Resale Competition Spikes as ‘What Goes Around’ Opens Amazon Storefront
October 21, 2022  |  Retail

For over 20 years, New York City’s original luxury reseller, What Goes Around Comes Around, has enjoyed a robust niche catering to the designer apparel...

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Hermes to Boost Prices Amid Continued Luxury Resilience
Hermes to Boost Prices Amid Continued Luxury Resilience
October 20, 2022  |  Retail

Luxury brand Hermes said it plans to raise prices next year, after reporting what it called “very good sales momentum” Thursday (Oct. 20) and continued...

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GOAT Group Buys Fashion Reseller Grailed
GOAT Group Buys Fashion Reseller Grailed
October 17, 2022  |  Retail

eCommerce fashion platform GOAT Group has agreed to acquire apparel reseller Grailed, combining their forces amid a projected boom in second-hand luxury sales. The companies...

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Global Sellers Localize Payments to Convert Abandoned Carts in APAC
Global Sellers Localize Payments to Convert Abandoned Carts in APAC
October 17, 2022  |  Payment Methods

Unlocking potential in the burgeoning market for luxury goods in the Asia-Pacific region isn’t a job for payments lightweights. It’s serious business with major challenges....

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