About a hundred years ago, so the story goes, F. Scott Fitzgerald, chronicler of the Jazz Age, turned to Ernest Hemingway and remarked, “The rich...
The value of the luxury resale space reportedly grew to $59 billion last year. That’s according to a report Tuesday (Feb. 24) by The Wall Street Journal...
Saks Global received court approval Friday (Feb. 20) for a $1 billion bankruptcy loan, Reuters reported Friday. The financing had been held up by vendors’...
Saks Global will wind down the majority of its off-price operations, including most Saks OFF 5TH locations and all Neiman Marcus Last Call stores, Reuters...
Luxury goods sellers are reportedly facing a tough market after raising their prices significantly after the pandemic. Between 35% and 40% of luxury goods were...
One of the world’s top Rolex sellers said tariffs have not hurt sales in the United States. Watches of Switzerland, the largest authorized seller of...
The tit-for-tat of global tariffs is back on. That reality is shifting profits around and increasingly off companies’ balance sheets. The trade spat with China...
User choice is the dominant behavior when it comes to retail payments. For much of cryptocurrency’s history, users haven’t chosen it at checkout. However, that...