Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which found a 77% increase in new high-end stores in Europe. “A relatively fast recovery in luxury spend in the region,...
Aiming to reach a new generation of golfers, Adams Golf has moved fully online. The TaylorMade Golf-owned brand aims to be “a digitally native leader in direct-to-consumer golf equipment,” Adams Golf said in a Monday (May 1) press release. “We’re pushing this brand to be progressive and different, but...
Simon Property Group (SPG), the largest shopping center manager and developer in the United States, has had a favorable start to the year, as indicated in its first-quarter report on Tuesday, which presented gains across different metrics. However, one question remains: Are people still shopping...
Francesca’s, a boutique clothing chain, has acquired the lifestyle brand Richer Poorer as part of its strategy to appeal to millennial and Gen Z women. The acquisition aims to expand the retailer’s channel reach by taking advantage of its strong wholesale network, as well as...
Recent quarterly reports indicate that major tech companies such as Amazon and Meta have experienced a boost in advertising revenue, suggesting a possible recovery of the digital advertising industry. However, as retail media gains momentum and brands and retailers seek new ways to attract and...
Adore Me has teamed with Walmart to expand its direct-to-consumer (D2C) lingerie brand. The apparel company, owned by Victoria’s Secret, has been working for the last two years with intimate designer Gelmart on an under-the-radar partnership to develop an exclusive line for Walmart called Adored...
An ex-Federal Reserve official said America’s regional banking crisis hasn’t yet passed. Former Federal Reserve Bank of Dallas President Robert Kaplan said in a Wednesday (May 3) interview with Bloomberg Television that the country’s central bank should hold off on interest rate hikes as troubles...
America’s biggest bank auditor is reportedly under fire after a trio of high-profile banking failures. KPMG, one of the “Big Four” accounting firms, was the auditor for Silicon Valley Bank (SVB), Signature Bank and First Republic Bank, all of which were taken over by federal...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Brad Wiskirchen, GM and SVP of Kount, an Equifax Company, says businesses need to focus on finding the customers...