Luxury

Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers

Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024  |  Retail

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Get the Full Story Complete...

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Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
May 17, 2024  |  Retail

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard...

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Mytheresa: The Aspirational Luxury Shopper Is Coming Back
Mytheresa: The Aspirational Luxury Shopper Is Coming Back
May 16, 2024  |  Earnings

After years of financial challenges (and consequent consumer cutbacks) prompting luxury merchants to focus more on shoppers with plenty of cash to burn, it seems...

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Online Merchants Grapple With Surge in Sophisticated Counterfeit Goods Scheme
Online Merchants Grapple With Surge in Sophisticated Counterfeit Goods Scheme
May 09, 2024  |  Fraud Prevention

The internet has been both a blessing and a curse to society and commerce alike.  Get the Full Story Complete the form to unlock this...

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High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
High-Income Consumers’ Rising Secondhand Purchasing Drives Luxury Consignment Growth
May 07, 2024  |  Retail

With high-income shoppers disproportionately growing their adoption of secondhand retail channels, The RealReal is seeing its consignment business grow. Get the Full Story Complete the form to...

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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...

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Vinted Solves Resale Profitability Problem by Spreading Its Income Sources
Vinted Solves Resale Profitability Problem by Spreading Its Income Sources
April 29, 2024  |  Retail

As resale marketplaces struggle to turn a profit, Vinted appears to have cracked the code, diversifying its platform to bring in revenue from as many parts of the experience...

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Saks Launches Retail Media Network Targeting Luxury Shoppers
Saks Launches Retail Media Network Targeting Luxury Shoppers
April 23, 2024  |  Retail

Saks is now offering digital advertising to connect brands with luxury shoppers on its platform. Get the Full Story Complete the form to unlock this article...

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