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 —...
With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging...
Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. The price cuts reflect growing concerns...
Inflation-pressured consumers tend to cut back on their luxury purchases. At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...
There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now...
Private equity firm SKKY Partners has added former Apple Retail executive Angela Ahrendts as senior operating adviser. Ahrendts will work with SKKY Partners founders Kim Kardashian and Jay Sammons and the...
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,...
United Kingdom-based Burberry is reportedly facing the challenges of being a luxury brand whose image is not as upmarket as some of its rivals as...
If you can’t beat ‘em, join ‘em. That’s the retail response that a growing list of luxury apparel brands and designers are taking as a...