The global perfume market is expected to grow to $69.25 billion by 2030. This promising trend has piqued Richemont’s interest, leading the company to invest more in the luxury fragrance sector and establish a beauty division. According to Richemont, the company is significantly increasing its investment...
At the end of last month, Victoria’s Secret proudly highlighted the concept of “less is more,” emphasizing its smaller format stores and streamlined inventory. American Eagle Outfitters (AEO) is now making a similar assertion, albeit for a straightforward reason: the growing resonance of its intimates line,...
While beauty brands have ventured into the realm of hospitality, looking to get a slice of the travel boom, hospitality brands are also seeking to establish a stronger presence with those who aren’t traveling by allowing consumers to recreate the experiences in the comfort of...
The JCPenney Co. has announced an investment exceeding $1 billion to enhance customer experience and operations. This signifies the latest step in the ongoing efforts to revive the department store chain. It also introduced a brand positioning and campaign named “Make It Count,” focusing on fashion accessibility,...
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...
Tesla is reportedly leading its rivals in receiving federal grants for electric vehicle chargers. According to a Saturday (Sept. 2) report by the Wall Street Journal (WSJ), Elon Musk’s car company is installing chargers faster than other companies, and claims to do so at substantially...
Consumers prefer to pick up their restaurant meals, but where they purchase them is no longer as clear-cut. Kroger has been crowned the nation’s top sushi seller, with consumers purchasing more than 40 million pieces from the grocery chain per year. The top title comes as Kroger...
Some brands continue to seek market share for shoppers seeking lower-priced luxury, even as competitive sales slow. After decades of defining themselves through exclusivity and personalized services for a price, luxury brands have leaned into offering consumers luxury for less. Although some brands experimented with affordable luxury as far...
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a report Sunday (Sept. 3) — that’s good news for the used car sector. According to...
