Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell 5% year over year in the third quarter, LVMH Moët Hennessy Louis Vuitton announced in a Monday (Oct. 12) press...
The upmarket push is showing up at department stores, where the objective is to get customers to spend more without making the jump into luxury. Macy’s CEO Tony Spring described that effort during the retailer’s second-quarter conference call last week after an analyst asked about...
Despite its status as a founder of the category, eBay has traditionally been viewed by the rest of eCommerce’s tech platforms as the industry’s red-headed stepchild. It was profitable but often viewed as a mature marketplace overshadowed by Amazon’s logistics network, Shopify’s merchant ecosystem and...
Saks Global is reportedly plotting a luxury-focused revival as it emerges from bankruptcy. The company, owner of department stores Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has structured its debt, shuttered dozens of stores and cut jobs since seeking bankruptcy protection in January, The...
October 15, 2025
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 is itself back on as a November exemption deadline looms. Additional tariffs on kitchen cabinets, vanities, lumber, timber and certain upholstered furniture imported to the United States are in effect […]
September 30, 2025
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 could be changing, at least...
April 03, 2025
Covet that designer dress at Bergdorf Goodman, but can’t pay for it because you’ve maxed out your credit cards? Increasingly, there’s another way. A recent deep dive by PYMNTS Intelligence...
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....
October 12, 2026
Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell 5% year over year in the third quarter, LVMH Moët Hennessy Louis Vuitton announced in a Monday (Oct. 12) press release, with the company’s total revenue for the quarter up […]
June 28, 2026
Saks Global is reportedly plotting a luxury-focused revival as it emerges from bankruptcy. The company, owner of department stores Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has structured its...
April 03, 2026
Saks Global has secured $500 million in exit financing from a group of its senior secured bondholders and expects to emerge from Chapter 11 this summer. The luxury retailer expects to...
March 30, 2026
Uber Technologies plans to acquire Blacklane, a company that provides an app and web booking platform that connects guests with independent local chauffeur services in 500 cities across 60 countries....
