luxury retail

The RealReal Promotes COO Rati Sahi Levesque to CEO
The RealReal Promotes COO Rati Sahi Levesque to CEO
October 28, 2024  |  eCommerce

The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds...

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LVMH Warns of ‘Uncertain’ Conditions Amid 3% Drop in Luxury Sales
LVMH Warns of ‘Uncertain’ Conditions Amid 3% Drop in Luxury Sales
October 15, 2024  |  Retail

LVMH saw quarterly sales dip amid an “uncertain economic and geopolitical environment.” The luxury retail giant reported third-quarter earnings that showed a 3% drop in...

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Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
October 11, 2024  |  Retail

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down...

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Richemont Hands Off YNAP to Mytheresa for $608 Million
Richemont Hands Off YNAP to Mytheresa for $608 Million
October 07, 2024  |  eCommerce

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a...

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Mytheresa Leans into Digital Experiences and Global Events
Mytheresa Leans into Digital Experiences and Global Events
September 12, 2024  |  Earnings

For Mytheresa CEO Michael Kliger, there was no doubt about his company’s performance during the fourth quarter and fiscal year. “We clearly see ourselves as a...

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Davidoff’s Digital Makeover Aims to Elevate the Luxury Cigar Brand’s Consumer Experience
Davidoff’s Digital Makeover Aims to Elevate the Luxury Cigar Brand’s Consumer Experience
August 28, 2024  |  Retail

Oettinger Davidoff AG, an independently owned, Swiss luxury goods company that specializes in tobacco products and accessories, recently updated its Davidoff of Geneva digital storefront to...

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Italian Luxury Fashion at a Discount: Italist’s US Expansion
Italian Luxury Fashion at a Discount: Italist’s US Expansion
August 28, 2024  |  Retail

Italist is tapping into the growing American enthusiasm for Italian luxury fashion with a strategic approach that blends seasonal discounts and curated selections. By expanding...

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Digital Transactions Now 37% of Nordstrom’s Total Sales, CEO Says
Digital Transactions Now 37% of Nordstrom’s Total Sales, CEO Says
August 27, 2024  |  Retail

Digital sales are climbing steadily at Nordstrom, and displaying a consistent upward trajectory. During the company’s second-quarter earnings call Tuesday (Aug. 27), CEO Erik Nordstrom said...

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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...

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