Luxury

Luxury Brand Telfar Lets Consumer Demand Set Its Prices

Luxury Brand Telfar Lets Consumer Demand Set Its Prices
Luxury Brand Telfar Lets Consumer Demand Set Its Prices
March 21, 2023  |  Retail

Luxury fashion brand Telfar wants to let consumers set their own prices. In an era when high-priced goods continue to show durability, the New York-based...

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Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
March 17, 2023  |  Retail

Chloé is helping the buyers of its clothes and accessories prepare those items for resale. With its Spring-Summer 2023 collection, the French luxury brand is...

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JPMorgan Helps Volvo Enter Indian EV Market
JPMorgan Helps Volvo Enter Indian EV Market
March 08, 2023  |  Digital Payments

J.P. Morgan has assisted Volvo’s entry into the Indian electric vehicle market. The Swedish luxury carmaker’s XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered...

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Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
March 02, 2023  |  Retail

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations...

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Hermès Q4 Sales Up 26% as Luxury Brand Caps ‘Particularly Robust’ Year
Hermès Q4 Sales Up 26% as Luxury Brand Caps ‘Particularly Robust’ Year
February 17, 2023  |  Retail

Hermès is seeing no slowdown in sales of luxury products. The luxury brand said in a Friday (Feb. 17) earnings release that it had a...

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Kering Says China’s COVID Restrictions Slowed Luxury Sales
Kering Says China’s COVID Restrictions Slowed Luxury Sales
February 15, 2023  |  Retail

Global luxury group Kering ran into headwinds during the fourth quarter. The group recorded a year-over-year decline in sales of 7% on a comparable basis...

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Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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Ralph Lauren Promotes ‘Timeless’ Brands to Next-Gen Consumers 
Ralph Lauren Promotes ‘Timeless’ Brands to Next-Gen Consumers 
February 09, 2023  |  Retail

Ralph Lauren is offering the Fortnite llama alongside its iconic polo pony. While reporting 1% revenue growth during the quarter ended Dec. 31, the luxury lifestyle...

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