PYMNTS-MonitorEdge-May-2024

Hermès

Hermès Faces Antitrust Suit Around Birkin Handbag Sales Practices
Hermès Faces Antitrust Suit Around Birkin Handbag Sales Practices
March 20, 2024  |  Retail

French luxury house Hermès faces an antitrust lawsuit in California around its Birkin handbags. The suit alleges that Hermès violates antitrust law by “tying” the...

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Why Shopping for Pets Is Getting Even Easier 
Why Shopping for Pets Is Getting Even Easier 
January 03, 2024  |  Retail

Amid the pandemic, it appears that 1 in 5 American households chose to add a new furry friend to their lives.   As the trend of...

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As Inflation Tightens Wallets, Hermès Expands With Makeup to Win Consumers 
As Inflation Tightens Wallets, Hermès Expands With Makeup to Win Consumers 
October 18, 2023  |  Retail

Luxury fashion brand Hermès has broadened its offerings in the beauty sector, introducing a new line of products that includes mascara, eyeshadow, and makeup brushes. ...

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Aspirational Shoppers Are Driving Luxury Scent Investments
Aspirational Shoppers Are Driving Luxury Scent Investments
September 07, 2023  |  Retail

The global perfume market is expected to grow to $69.25 billion by 2030. This promising trend has piqued Richemont’s interest, leading the company to invest...

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Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023  |  Merchant Innovation

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Etsy, Poshmark and Depop...

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Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
July 19, 2023  |  Retail

While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...

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The Jane Birkin Effect: From Hermès to Brunello Cucinelli and the Rise of Quiet Luxury 
The Jane Birkin Effect: From Hermès to Brunello Cucinelli and the Rise of Quiet Luxury 
July 17, 2023  |  Retail

Jane Birkin, the British-born actress and singer, and the inspiration behind the iconic Hermès handbag that bears her name, died on Sunday (July 16) at...

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Louis Vuitton Channels Hermes by Creating Neverfull Bag Waiting List  
Louis Vuitton Channels Hermes by Creating Neverfull Bag Waiting List  
June 13, 2023  |  Retail

Is Louis Vuitton luxury? Depends who you ask and what products you’re looking at. With that even a question among luxury consumers, Louis Vuitton is...

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Are Sustainable Practices a Money Suck or Are They Creating Positive Retail Impact? 
Are Sustainable Practices a Money Suck or Are They Creating Positive Retail Impact? 
June 09, 2023  |  Retail

In recent years, sustainability has become a hot topic across various industries, including the retail sector. Companies are increasingly under pressure to adopt environmentally friendly...

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