PYMNTS-MonitorEdge-May-2024

Prada

Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement
Fashion Brands Drop Virtual Goods to Drive Omnichannel Engagement
July 15, 2024  |  Retail

From the metaverse to video game worlds, fashion companies are releasing digital clothing and accessories to create new sales opportunities and get consumers to engage...

READ MORE >
Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
Luxury Brands and Retailers Rethink Strategy Amid Economic Challenges
July 10, 2024  |  Retail

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...

READ MORE >
Brands and Retailers Summer in the Hamptons With Luxury Pop-Ups
Brands and Retailers Summer in the Hamptons With Luxury Pop-Ups
July 06, 2024  |  Retail

As the summer season heats up, wealthy vacationers from the Northeast are getting in their cars and heading out to the Hamptons for seasonal luxury,...

READ MORE >
Luxury Firms Compete for Buildings on Fifth Avenue
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024  |  Retail

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the...

READ MORE >
Luxury Brands Spend Billions for High-End Shopping Real Estate
Luxury Brands Spend Billions for High-End Shopping Real Estate
April 07, 2024  |  Retail

Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried...

READ MORE >
Manicures Go Virtual With AR
Manicures Go Virtual With AR
May 23, 2023  |  Retail

As brands and retailers look to translate real-life experiences into the online realm, beauty and fashion tech solutions provider Perfect Corp. is looking to augment...

READ MORE >
Luxury Retailers Defy Slump, as Full-Price Sales Reflect Pent-Up Demand
Luxury Retailers Defy Slump, as Full-Price Sales Reflect Pent-Up Demand
January 20, 2022  |  Retail

It may be Men’s Fashion Week in Paris right now, but for the rest of the retail world, it’s looking a lot more like luxury...

READ MORE >
Prada Overcomes Pandemic Restrictions With 60 Pct Growth
Prada Overcomes Pandemic Restrictions With 60 Pct Growth
July 30, 2021  |  Retail

Despite closure of about 17 percent of its worldwide stores in the first half of 2021 because of continued COVID-19 restrictions, Prada reported revenues of...

READ MORE >
LVMH, Prada, Cartier Team On Aura Blockchain Consortium For Luxury Goods
LVMH, Prada, Cartier Team On Aura Blockchain Consortium For Luxury Goods
April 20, 2021  |  Blockchain

LVMH is joining forces with two other big names, Prada and Cartier, in order to put out the world’s first global luxury blockchain, according to...

READ MORE >