Luxury

The RealReal Soars as Luxury Shoppers Cut Back
The RealReal Soars as Luxury Shoppers Cut Back
December 19, 2024  |  Retail

The luxury fashion world’s loss has been The RealReal’s gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have...

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Luxury Brands Consider Accepting Crypto Payments
Luxury Brands Consider Accepting Crypto Payments
December 18, 2024  |  Bitcoin

With bitcoin rising, the luxury world is reportedly showing more interest in allowing cryptocurrency payments. As Reuters reported Wednesday (Dec. 18), until recently just a...

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Luxury Brands Turn to Outlet Stores as Consumers Cut Back
Luxury Brands Turn to Outlet Stores as Consumers Cut Back
December 16, 2024  |  retail

With their sector facing a downturn, luxury brands are reportedly pinning their hopes on outlets. As The Wall Street Journal (WSJ) reported Monday (Dec. 16), retailers, and...

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‘I Do’ Delivered: DoorDash’s Bridal Offering Shows eCommerce Knows No Limits
‘I Do’ Delivered: DoorDash’s Bridal Offering Shows eCommerce Knows No Limits
December 14, 2024  |  Delivery

Competition is a click away in commerce, and traditional barriers to purchase can send customers shopping elsewhere. Even the once-sacred tradition of wedding dress shopping...

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What Are Consumers Buying With Crypto This Black Friday?
What Are Consumers Buying With Crypto This Black Friday?
November 29, 2024  |  Cryptocurrency

Video killed the radio star, but could cryptocurrency payments kill credit and debit cards? Even though bitcoin hit a record high this month, the chances...

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Luxury Brands Shed 50 Million Customers as Prices Climb
Luxury Brands Shed 50 Million Customers as Prices Climb
November 27, 2024  |  Retail

Luxury brands have shed roughly 50 million customers over two years as shoppers seek lower prices. A report Wednesday (Nov. 27) by The Wall Street Journal —...

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China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
China’s Secondhand Luxury Market Blooms as Consumers Feel Pinched
November 24, 2024  |  Retail

While Chinese consumers are struggling, the country’s secondhand luxury market is reportedly thriving. As the Financial Times (FT) reported Sunday (Nov. 24), companies such as...

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ThredUp Picks Amazon Veteran Danielle Vermeer to Head Social Commerce
ThredUp Picks Amazon Veteran Danielle Vermeer to Head Social Commerce
November 12, 2024  |  News

Clothing reseller ThredUp has chosen Amazon’s ex-luxury resale head as its new social commerce director. Danielle Vermeer will take on the newly-created role of head...

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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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