Luxury

Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn

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. “I think there is an understanding in the market that the industry is...

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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. The new Saks Media Network delivers sponsored product ads and display...

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Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
Tired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
April 17, 2024  |  Retail

After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent...

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Consumers Unsure Whether to Trust Luxury eCommerce Platforms
Consumers Unsure Whether to Trust Luxury eCommerce Platforms
April 15, 2024  |  Retail

Luxury shoppers may be willing to shell out quite a lot online for high-quality products, but only if they can trust that they are getting...

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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. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried...

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Retailers Set Sights on High-Income Shoppers’ Generous Fashion Budgets
Retailers Set Sights on High-Income Shoppers’ Generous Fashion Budgets
March 27, 2024  |  Retail

As retailers look to drive loyalty with high-income consumers, apparel and accessories emerge as a key point of entry for winning the biggest earners. The...

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Hermès Faces Antitrust Suit Around Birkin Handbag Sales Practices
Hermès Faces Antitrust Suit Around Birkin Handbag Sales Practices
March 20, 2024  |  Retail

French luxury house Hermès faces an antitrust lawsuit in California around its Birkin handbags. The suit alleges that Hermès violates antitrust law by “tying” the...

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