Luxury

Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
June 13, 2024  |  Retail

As consumers continue to be concerned about their financial situations, shoppers are looking for deals and discounts even when making major purchases such as buying...

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Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
Victoria’s Secret Uses Loyalty to Drive Spending Amid Sales Slump
June 07, 2024  |  Earnings

Victoria’s Secret is taking a more intimate approach to shopper loyalty, aiming to keep budget-conscious shoppers spending with more personalized messaging as they tighten their...

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From Space Oreos to Garfield La-Z-Boys, Retail Brands Go to Hollywood
From Space Oreos to Garfield La-Z-Boys, Retail Brands Go to Hollywood
June 01, 2024  |  Retail

Retail brands are looking to the silver screen to get shoppers excited, so roll out the red carpet for PYMNTS weekender’s roundup of the quirkiest...

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Ralph Lauren: Young Luxury Shoppers Tap Social Media for Inspiration
Ralph Lauren: Young Luxury Shoppers Tap Social Media for Inspiration
May 23, 2024  |  Social Commerce

Social commerce is not just for fast-fashion — young consumers wanting to expand their wardrobes are looking to their social feeds to inspire their luxury fashion...

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eBay and Rakuten Bet Resale Shoppers Will Flock to Japanese Fashion
eBay and Rakuten Bet Resale Shoppers Will Flock to Japanese Fashion
May 22, 2024  |  Retail

As consumers look for more affordable ways to get unique and/or high-quality apparel, eBay and Rakuten are testing to see if U.S. consumers will jump at the chance to buy secondhand Japanese fashion....

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Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
Macy’s: Even Luxury Shoppers Are Making ‘Thoughtful’ Choices About Spending
May 21, 2024  |  Earnings

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy’s, with even high-income customers showing increased selectivity in their purchases...

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Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
Consumers Across Financial Lifestyles Want Malls That Fit Their Needs
May 21, 2024  |  Retail

While malls may not often be associated with living the high life, luxury and aspirational shoppers want to get all their retail needs met in...

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Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024  |  Retail

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money,...

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Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
May 17, 2024  |  Retail

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard...

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