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 landlords and real estate investors are all banking on the idea that shoppers still want higher-end goods, as long as...
Regal Brands Global reportedly plans to relaunch department store brand Lord & Taylor as a discount luxury eCommerce platform. The new online-only store will be introduced in 2025 and will sell products sourced from distributors and licensed manufacturers, Retail TouchPoints reported Tuesday (Dec. 10), citing...
While digital sales continued to perform well at Nordstrom, enhancements to the overall customer experience paid off as well, according to CEO Erik Nordstrom. “In the third quarter, our efforts to enhance the customer experience continued to resonate, enabling growth in net and comparable sales, margin...
The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left the company and is no longer on the board, the online marketplace for resale luxury...
October 11, 2024
The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. This week, Mytheresa announced its acquisition of YNAP from Richemont, with the goal of creating a leading global digital luxury group. This move will […]
August 28, 2024
Italist is tapping into the growing American enthusiasm for Italian luxury fashion with a strategic approach that blends seasonal discounts and curated selections. By expanding into the U.S. market, italist...
November 30, 2023
After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that it will not be disclosing...
November 20, 2023
The COVID-19 pandemic drastically reshaped the landscape of weddings, giving rise to the trend of micro weddings. These smaller-scale celebrations, with trimmed guest lists and downsized ceremonies, were the choice...
December 18, 2024
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 handful of brands — including Gucci and LVMH watch labels Hublot and Tag Heuer — had permitted crypto payments. But now, with the price of bitcoin hitting record highs, others […]
December 16, 2024
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 landlords and real estate investors...
December 10, 2024
Regal Brands Global reportedly plans to relaunch department store brand Lord & Taylor as a discount luxury eCommerce platform. The new online-only store will be introduced in 2025 and will...
October 28, 2024
The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left...
