Luxury

Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023  |  Merchant Innovation

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Etsy, Poshmark and Depop...

READ MORE >
Capital One Ventures Invests $25 Million in Luxury Travel Subscription Brand Inspirato
Capital One Ventures Invests $25 Million in Luxury Travel Subscription Brand Inspirato
August 08, 2023  |  Investments

Luxury travel subscription brand Inspirato has entered into a definitive agreement for a new $25 million convertible note investment from Capital One Ventures. The funding will provide the brand the...

READ MORE >
The Aspiration Shopper May Be Straying From Luxury and Turning to Travel
The Aspiration Shopper May Be Straying From Luxury and Turning to Travel
August 08, 2023  |  Retail

The aspirational shopper, once a core target demographic for high-end brands, seems to be in a state of flux. As the traditional luxury market contends...

READ MORE >
Luxury Brands Want the Aspirational Shopper, But Not at a Discount
Luxury Brands Want the Aspirational Shopper, But Not at a Discount
August 01, 2023  |  Retail

When consumers don’t spend, retailers typically think to offer a discount. But discounts, as we all know, can become a slippery slope. What lengths will...

READ MORE >
Luxury Retailers Say Slowdown Is a Sign of ‘Normalization’
Luxury Retailers Say Slowdown Is a Sign of ‘Normalization’
July 30, 2023  |  Retail

After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline.  For years, luxury retailers enjoyed a post-pandemic boom thanks to...

READ MORE >
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000
July 19, 2023  |  Retail

While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...

READ MORE >
Selfridges Launches Loyalty Program Powered by QR Code and App
Selfridges Launches Loyalty Program Powered by QR Code and App
July 14, 2023  |  Retail

Selfridges has launched a new loyalty program powered by a QR code and an app. The United Kingdom-based luxury department store chain’s new Selfridges Unlocked program gives members...

READ MORE >
Mytheresa’s Auto Body Shop Pop-Up and the Rise of Differentiated Immersive Experiences
Mytheresa’s Auto Body Shop Pop-Up and the Rise of Differentiated Immersive Experiences
July 02, 2023  |  Retail

In the retail landscape, immersive experiences have become the new standard. However, when it comes to creating these experiences, it’s like the wild Wild West...

READ MORE >
Luxury Retailers Try On AI to Reduce Returns
Luxury Retailers Try On AI to Reduce Returns
June 16, 2023  |  Retail

Following bullish remarks on artificial intelligence (AI) by Farfetch CEO José Neves during the luxury retailer’s first-quarter 2023 earnings report, Maison Valentino is set to...

READ MORE >