In 2019, Chinese consumers spent $149 billion across the Chinese New Year holiday, according to China’s Ministry of Commerce — a sum widely expected to...
It was a big week for peeks at what’s to come in the race for the consumer’s whole paycheck as both Walmart and Amazon had...
Research firm Sanford C. Bernstein says affluent Chinese consumers are not indulging on luxury and non-essential goods, Bloomberg reported on Saturday (Nov. 9). Get the...
Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection,...
A common, enduring fantasy for many consumers — a group that likely includes many PYMNTS readers and writers — is walking into a high-end retail store, chain...
Kering is gearing up to offer its own luxury eCommerce sites within the next two years, ending existing joint-venture efforts and bringing such operations in...
Retail isn’t all about taking people’s money. Today, it’s also about telling a story and building an experience that makes customers want to shop with...
Thanks to Chinese shoppers’ affinity for luxury brands, a global recovery of the luxury retail market is underway so far this year. That’s according to...