A Neiman Marcus store in downtown Dallas is reportedly set to close on March 31 after owner Saks Global received a notice from the landlord...
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday...
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...