luxury goods

South Korea Leads World in Per Capita Spending on Luxury

South Korea Leads World in Per Capita Spending on Luxury
South Korea Leads World in Per Capita Spending on Luxury
January 13, 2023  |  Retail

South Korea reportedly leads the world in per capita spending on personal luxury items. Get the Full Story Complete the form to unlock this article...

READ MORE >
Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
November 17, 2022  |  Retail

Drawing on a 40-year purview as a Macy’s employee that began as a trainee in 1983 and has seen him in the role of chairman...

READ MORE >
Local Payments, Platforms Key to Keeping Asian Consumers Spending on Luxury Brands
Local Payments, Platforms Key to Keeping Asian Consumers Spending on Luxury Brands
August 29, 2022  |  Cross-border Payments

The rise of eCommerce — and specifically, preferred payment methods — is a lifeline for luxury brands, for the marquee names that, in large part,...

READ MORE >
B2B Resale Platform LePrix Focuses on Wholesale, Expands to Europe
B2B Resale Platform LePrix Focuses on Wholesale, Expands to Europe
August 18, 2022  |  B2B Payments

Aiming to make it easier for merchants to tap into what it says is one of the fastest growing sectors in retail, LePrix has expanded...

READ MORE >
Luxury Home Slowdown Takes Toll on RH Furniture Sales
Luxury Home Slowdown Takes Toll on RH Furniture Sales
June 29, 2022  |  Retail

RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). Get the...

READ MORE >
BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
BNPL Offers Luxury Sales Lifeline as Economic Storm Gathers
June 28, 2022  |  BNPL

When the recession hits — and a recession is looking more and more like a matter of when, not if — spending on luxury retail...

READ MORE >
The RealReal Says Luxury Is ‘Tremendously Resilient’, Inflation Driving ‘Strong Year’
The RealReal Says Luxury Is ‘Tremendously Resilient’, Inflation Driving ‘Strong Year’
May 10, 2022  |  Earnings

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Appetite For Luxury Prompts Forecast Boost By Versace Parent
Appetite For Luxury Prompts Forecast Boost By Versace Parent
June 29, 2021  |  Retail

The post-pandemic appetite for luxury goods has prompted Capri Holdings — parent to Michael Kors, Versace and Jimmy Choo — to increase its profit and...

READ MORE >