Luxury

Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
August 05, 2024  |  Retail

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of...

READ MORE >
Online Fashion Retailer Revolve Considers Adding More Brick-and-Mortar Stores
Online Fashion Retailer Revolve Considers Adding More Brick-and-Mortar Stores
August 02, 2024  |  Retail

Online fashion retailer Revolve Group is reportedly looking at opening more brick-and-mortar stores in luxury destinations after opening its first such store in Aspen, Colorado,...

READ MORE >
EBay Uses Pay by Bank to Reach New Gen Z Consumers
EBay Uses Pay by Bank to Reach New Gen Z Consumers
August 01, 2024  |  Earnings

As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay by bank to meet younger customers’ eCommerce expectations. On...

READ MORE >
Airbnb Wants to Woo Hotel Customers With Luxury Offerings
Airbnb Wants to Woo Hotel Customers With Luxury Offerings
July 31, 2024  |  Travel Payments

Airbnb is reportedly planning luxury offerings like personal chefs to entice travelers away from hotels. The company wants to move beyond accommodations and experiences to “services...

READ MORE >
Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
July 24, 2024  |  Retail

As consumers cut back on many premium products in the face of ongoing economic challenges, luxury chocolate brand MarieBelle New York is benefitting from shoppers’...

READ MORE >
Luxury Brands Slash Prices to Entice Middle-Income Buyers
Luxury Brands Slash Prices to Entice Middle-Income Buyers
July 21, 2024  |  Retail

Luxury brands have begun lowering their prices to win back middle-income shoppers. As The Wall Street Journal (WSJ) reported Sunday (July 21), this move —...

READ MORE >
They Said That: Notable Quotables From the Week of July 14
They Said That: Notable Quotables From the Week of July 14
July 19, 2024  |  Connected Economy

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale...

READ MORE >
Personalized Luxury: The Key to Winning Wealthy Shoppers
Personalized Luxury: The Key to Winning Wealthy Shoppers
July 19, 2024  |  Retail

In an era where luxury is becoming increasingly defined by personalization, wealthy consumers are demanding that brands innovate, tailoring their offerings to match their individual...

READ MORE >
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
July 16, 2024  |  Retail

As the luxury retail sector looks to strike a balance between digital accessibility and the more immersive, high-touch in-store experience, these upscale brands must create...

READ MORE >