Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales...
As 2025 unfolds, the luxury market is undergoing a period of mixed results and shifting dynamics. Recent news and earnings reports reveal a sector experiencing...
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy...
As the sector’s global sales have slipped in recent years, luxury retail giant LVMH Tuesday (Jan. 28) reported a 1% rise in its fourth-quarter sales...
In 2025, are luxury brands waking up to the untapped potential of older consumers — a demographic that has long been sidelined in favor of...
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and...
Saks Global has completed its previously announced acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion. This acquisition brings together the...
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...
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...