PYMNTS-MonitorEdge-May-2024

luxury retail

What if There was a Way to Unlock Some of Luxury Retail’s Resilience?
What if There was a Way to Unlock Some of Luxury Retail’s Resilience?
October 22, 2022  |  Retail

Like models strutting down the catwalk one after the other, so too has the stream of strong sales results come lately from the world’s leading...

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Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World
Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World
July 15, 2020  |  Retail

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. Nick Molnar, co-founder...

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Luxury Fashion Brand Valentino Tries To End Manhattan Lease
Luxury Fashion Brand Valentino Tries To End Manhattan Lease
June 22, 2020  |  Retail

In a legal complaint filed with a New York court, luxury fashion brand Valentino SpA is requesting that the courts end its lease for a...

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Data: Luxury Goods Sales May Drop 35 Pct This Year
Data: Luxury Goods Sales May Drop 35 Pct This Year
May 07, 2020  |  Retail

Neiman Marcus’s bankruptcy filing on Thursday (May 7) may go unnoticed by many consumers. Amid lockdowns and a global economic collapse not seen since the...

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Retail Pulse: Shipt Teams With Office Depot; Express To Close Brick-and-Mortar Stores
Retail Pulse: Shipt Teams With Office Depot; Express To Close Brick-and-Mortar Stores
January 24, 2020  |  Retail

On-demand delivery services are expanding their offerings beyond takeout from restaurants or groceries from supermarkets to carry additional categories of merchandise. Shipt, in one case,...

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Barneys Employees Told Paychecks Stalled Due To Ransom Hacker
Barneys Employees Told Paychecks Stalled Due To Ransom Hacker
January 09, 2020  |  B2B Payments

A cyberattack is being blamed for holding up paychecks from the remaining staff at the beleaguered Barneys New York. A source told Page Six on...

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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades
Luxury Retail Finds New Avenues As Brick-And-Mortar Fades
September 05, 2019  |  Retail

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. One...

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Barneys Looks Into Bankruptcy Amid Rent Increase
Barneys Looks Into Bankruptcy Amid Rent Increase
July 15, 2019  |  Retail

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for...

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