There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now they are warning that profits are continuing down. So, is this truly “normalization” or just inflation at its finest? Read...
Over the past year, the focus in retail has been delivering the value that customers seek. While many assume this means offering the lowest prices, Brunello Cucinelli, a brand recognized for its understated luxury and discreet pricing, is demonstrating that if consumers perceive value in...
Luxury retailers have established a reputation for their exclusive and upscale offerings, catering to a limited clientele characterized by discerning preferences and substantial financial resources. Their primary emphasis on premium goods distinguishes them from affordable retailers, yet it also presents distinct challenges, including lower conversion...
Quiet luxury is the epitome of exclusivity, transcending ostentatious displays of wealth, and that’s a realm Brunello Cucinelli is determined to stay in. “Exclusivity and rarity will allow a company to last a century. It’s not easy, but this is what we believe in,” said...
January 16, 2024
Is it a case of normalization, inflation, or simply a need for brands and retailers to put in extra effort to connect with consumers, particularly those who could become lifelong customers? PYMNTS explored this question amid the current slowdown in luxury retail. While labels like Burberry and retailers like Neiman Marcus are facing challenges, others […]
September 05, 2023
Luxury retailers have established a reputation for their exclusive and upscale offerings, catering to a limited clientele characterized by discerning preferences and substantial financial resources. Their primary emphasis on premium...
