luxury retail

Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
July 03, 2024  |  Acquisitions

Saks Fifth Avenue parent company HBC will reportedly buy rival Neiman Marcus, with Amazon taking a minority stake in the new company. Get the Full...

READ MORE >
Rakuten to Launch Exclusive Membership Program for Designer Brands
Rakuten to Launch Exclusive Membership Program for Designer Brands
May 30, 2024  |  Retail

Rakuten, the cashback shopping platform, has announced the upcoming launch of Rakuten+, a membership program created specifically for designer brands. Get the Full Story Complete...

READ MORE >
Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn
Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn
May 05, 2024  |  eCommerce

If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. Get the Full Story Complete the form to unlock this article and...

READ MORE >
High-Earning Consumers Prefer Luxury Experiences Over Things
High-Earning Consumers Prefer Luxury Experiences Over Things
April 16, 2024  |  Consumer Insights

When it comes to living large, big earners like to splurge on making memories more so than on, say, a new handbag, PYMNTS Intelligence research...

READ MORE >
LVMH Sees Aspirational Consumers Pulling Back on Luxury Amid Inflation 
LVMH Sees Aspirational Consumers Pulling Back on Luxury Amid Inflation 
April 16, 2024  |  Retail

With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences. Get the...

READ MORE >
Luxury Firms Compete for Buildings on Fifth Avenue
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024  |  Retail

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Get the Full Story Complete the form to unlock...

READ MORE >
Luxury Brands Spend Billions for High-End Shopping Real Estate
Luxury Brands Spend Billions for High-End Shopping Real Estate
April 07, 2024  |  Retail

Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
Coupang Q4: Farfetch Acquisition Opens Door to Untapped Luxury Goods Market
Coupang Q4: Farfetch Acquisition Opens Door to Untapped Luxury Goods Market
February 27, 2024  |  eCommerce

Korean eCommerce giant Coupang announced fourth-quarter earnings on Tuesday (Feb. 27), reporting a year of accelerated growth, record profits and a strong cash balance of over...

READ MORE >
LVMH Sees Strong Growth With Kohl’s-Sephora Partnership 
LVMH Sees Strong Growth With Kohl’s-Sephora Partnership 
January 25, 2024  |  Retail

Luxury goods giant LVMH, best known for brands like Louis Vuitton, Dior and Tiffany, reported a 10% surge in sales for the fourth quarter on...

READ MORE >