luxury retail

Davidoff’s Digital Makeover Aims to Elevate the Luxury Cigar Brand’s Consumer Experience
Davidoff’s Digital Makeover Aims to Elevate the Luxury Cigar Brand’s Consumer Experience
August 28, 2024  |  Retail

Oettinger Davidoff AG, an independently owned, Swiss luxury goods company that specializes in tobacco products and accessories, recently updated its Davidoff of Geneva digital storefront to...

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Italian Luxury Fashion at a Discount: Italist’s US Expansion
Italian Luxury Fashion at a Discount: Italist’s US Expansion
August 28, 2024  |  Retail

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...

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Digital Transactions Now 37% of Nordstrom’s Total Sales, CEO Says
Digital Transactions Now 37% of Nordstrom’s Total Sales, CEO Says
August 27, 2024  |  Retail

Digital sales are climbing steadily at Nordstrom, and displaying a consistent upward trajectory. During the company’s second-quarter earnings call Tuesday (Aug. 27), CEO Erik Nordstrom said...

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Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
August 05, 2024  |  Retail

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of...

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Luxury Brands Slash Prices to Entice Middle-Income Buyers
Luxury Brands Slash Prices to Entice Middle-Income Buyers
July 21, 2024  |  Retail

Luxury brands have begun lowering their prices to win back middle-income shoppers. As The Wall Street Journal (WSJ) reported Sunday (July 21), this move —...

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Does Amazon Need Saks Global to Conquer Luxury Retail?
Does Amazon Need Saks Global to Conquer Luxury Retail?
July 11, 2024  |  Amazon

Amazon turned 30 on July 5th and did something that nearly 70% of all women also say they do on their birthday: They bought themselves...

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Wealthier Buyers Rethink Luxury as Brands Raise Prices
Wealthier Buyers Rethink Luxury as Brands Raise Prices
July 04, 2024  |  Retail

Are the world’s wealthy falling out of love with luxury goods? An opinion piece published Thursday (July 4) in the Financial Times argues that the rich —...

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Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
July 03, 2024  |  Acquisitions

Saks Fifth Avenue parent company HBC will reportedly buy rival Neiman Marcus, with Amazon taking a minority stake in the new company. The boards of...

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Rakuten to Launch Exclusive Membership Program for Designer Brands
Rakuten to Launch Exclusive Membership Program for Designer Brands
May 30, 2024  |  Retail

Rakuten, the cashback shopping platform, has announced the upcoming launch of Rakuten+, a membership program created specifically for designer brands. This program aims to connect...

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