Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February to pay past-due balances over the course of a year. The luxury retailer has returned its inventory to levels set...
Luxury goods retailer LVMH Moët Hennessy Louis Vuitton said it is prepared to increase prices on its products and take other mitigation strategies if negotiations over tariffs during the 90-day suspension are unproductive. “We all need to stay very calm because we are in unknown...
Airlines are reportedly focusing on roomier seats and other perks for wealthier leisure travelers as other customer segments cut back on their spending. Spirit Airlines is marketing its “Big Front Seat” that offers more legroom and other perks for a price that can be three...
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 into what’s known as the Pay Later landscape reveals a surprising trend sweeping America’s consumer...
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 into what’s known as the Pay Later landscape reveals a surprising trend sweeping America’s consumer landscape: A growing number of higher-income shoppers are embracing the […]
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....
November 29, 2024
Video killed the radio star, but could cryptocurrency payments kill credit and debit cards? Even though bitcoin hit a record high this month, the chances are likely slim. However, with...
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...
May 16, 2025
Luxury group Richemont will reportedly continue to limit its price increases, even in the face of new U.S. tariffs. The owner of Cartier and other luxury brands has benefited from being more restrained in its price increases than some of its rivals over the past four years, as some of those competitors have seen a customer backlash over prices, […]
April 28, 2025
Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February to pay past-due balances over...
April 14, 2025
Airlines are reportedly focusing on roomier seats and other perks for wealthier leisure travelers as other customer segments cut back on their spending. Spirit Airlines is marketing its “Big Front...
February 27, 2025
Affirm has launched a partnership with online personal styling service Stitch Fix. The buy now, pay later (BNPL) provider announced the collaboration Thursday (Feb. 27), noting that it comes as...
