As luxury brands increasingly find ways to create direct relationships with their customers, high-end department store chains are facing new challenges. Ralph Lauren, for its part, reported Thursday (Feb. 8) that it saw global direct-to-consumer (D2C) comparable store sales rise 9% in the third quarter...
Chanel is opening a diner in Williamsburg, Brooklyn — but don’t expect the typical diner-esqe grubs — burgers and french fries, as it wouldn’t be on brand for the fashion house. Instead, between Sept 8 and 10, guests will be seated in diner booths at...
Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone. Etsy, Poshmark and Depop took the concept a bit further, with direct eCommerce conduits to higher-end fashion. As Jelena Zec, director of venture investing...
Is Louis Vuitton luxury? Depends who you ask and what products you’re looking at. With that even a question among luxury consumers, Louis Vuitton is taking a page out of the Hermès playbook to reclaim its luxury status through one its most sought-after bags, the...
February 12, 2024
As luxury brands increasingly find ways to create direct relationships with their customers, high-end department store chains are facing new challenges. Ralph Lauren, for its part, reported Thursday (Feb. 8) that it saw global direct-to-consumer (D2C) comparable store sales rise 9% in the third quarter of fiscal year 2024, gaining 1.7 million new D2C customers. […]
August 22, 2018
“Fashion is the armor to survive the reality of everyday life,” said fashion photographer Bill Cunningham. No one wears just one suit of armor, and no one shops in just...
April 08, 2024
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 location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth Avenue for months, according to the report. Kering bought one for […]
May 25, 2023
Chanel has reportedly seen a slowdown in the United States. The privately-held luxury brand’s sales growth in the U.S. has dipped from about 10% in 2022 to “in the single digits” this year,...
December 15, 2021
Chanel has appointed Leena Nair as global chief executive officer, grabbing the company’s youngest and first female CEO after her 30-year tenure at consumer goods group Unilever. She’ll take the...
May 14, 2020
Lines outside of Chanel in China started growing when lockdowns eased and people clamored to trade sweatpants for luxury. But now those lines are just getting longer and branching out...
