A Neiman Marcus store in downtown Dallas is reportedly set to close on March 31 after owner Saks Global received a notice from the landlord to terminate the occupancy. The retailer had negotiated with the landlord for more than a decade and is “disappointed” to...
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday (Feb. 14), Saks issued a memo to its suppliers on Valentine’s Day aiming to reassure them about their unpaid bills. ...
Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales up a little more than 13% for the quarter, with CEO Michael Kliger praising the efforts of “big spenders” in...
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...
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 […]
October 11, 2024
The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their...
August 28, 2024
Italist is tapping into the growing American enthusiasm for Italian luxury fashion with a strategic approach that blends seasonal discounts and curated selections. By expanding into the U.S. market, italist...
November 30, 2023
After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that it will not be disclosing...
February 19, 2025
A Neiman Marcus store in downtown Dallas is reportedly set to close on March 31 after owner Saks Global received a notice from the landlord to terminate the occupancy. The retailer had negotiated with the landlord for more than a decade and is “disappointed” to lose the location, FOX 4 reported Tuesday (Feb. 18), citing […]
February 16, 2025
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday (Feb. 14), Saks issued a...
February 11, 2025
Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales up a little more than...
February 02, 2025
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy Now program was shut down...
