As 2025 unfolds, the luxury market is undergoing a period of mixed results and shifting dynamics. Recent news and earnings reports reveal a sector experiencing notable evolution, per a ModernRetail report, requiring flexibility and strategic adjustments from its key players. While some leading brands, like...
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time —...
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 that if they don’t snatch up their flagship stores, one of their competitors will purchase the property and evict them....
Brand partnerships have long been a strategic element in the retail playbook, aiming to elevate brand image and reach out to untapped audiences. The recent collaboration between French luxury brand Longchamp and the department store Harrods in London exemplifies how such alliances can reshape customer...
January 01, 2025
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time — where stretching out transactions over weeks or months helps improve […]
March 31, 2025
Covision Media raised €5 million (about $5.4 million) in a funding round to continue developing its technology for 3D scanning and artificial intelligence (AI)-powered 3D content creation. With the new funding, the company will enter its “next phase,” Covision Media said in a Monday (March 31) post on LinkedIn. Covision Media’s 3D scanners can automatically […]
April 07, 2024
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 that if they don’t snatch...
October 24, 2023
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution. Among the group’s...
April 18, 2023
Payments and cryptocurrency ecosystem Wirex has launched a private service aimed at wealthier consumers. Wirex Private, announced Tuesday (April 18), is aimed “at Wirex’s growing segment of affluent customers,” and offers a “luxury service”...