Category
Luxury industry news, covering topics in business, law, beauty, apparel, technology, e-commerce, brick-and-mortar and fashion.
Browse
Loading topics...
Saks Global has announced plans to keep the iconic Neiman Marcus Downtown Dallas store open through the 2025 holiday season while collaborating with the City of Dallas to explore a transformative vision for the location. This decision follows months of…
China’s luxury market experienced a significant decline in 2024, contracting by an estimated 18%–20%, according to Bain & Company’s latest report on the China Luxury Goods Market. This downturn marks a sharp reversal from previous years of growth and reflects a…
GUESS? and WHP Global, co-owners of the New York-based fashion brand rag & bone, have announced a five-year licensing partnership with Signal Brands to expand the brand’s handbags and small leather goods category. The collaboration leverages Signal Brands’ 30+ years of expertise in luxury…
The global luxury market is walking a tightrope between tradition and transformation as it approaches 2030. While wealth creation and digital natives fuel growth, brands face a perfect storm of generational shifts, sustainability demands, and regional economic swings. The global…
The global luxury fashion industry, once buoyed by relentless post-pandemic demand, now faces a prolonged slowdown with growth projected at just 1–3% annually through 2027, according to McKinsey & Company’s State of Luxury 2025 report. This starkly contrasts the 5% CAGR achieved between 2019…
Over the past two years, the luxury industry’s customer base has contracted by approximately 50 million consumers, shrinking from 400 million to around 350 million by the end of 2024. Younger shoppers, particularly Generation Z, show declining brand advocacy and…
Gucci has reclaimed its position as the most successful luxury brand on Douyin, China’s popular short video app, surpassing Ralph Lauren. According to a Statista report, during the week from February 23 to March 1, 2025, Gucci achieved over 226,000…
Rebag, the leading luxury resale platform, is accelerating its brick-and-mortar growth by opening two new outlet stores in 2025. Reinforcing its omnichannel strategy amid a booming luxury resale market projected to reach $38.32 billion this year. New Outlet Location and Strategic…
Louis Vuitton has unveiled its groundbreaking entry into the cosmetics world with La Beauté Louis Vuitton, a luxury makeup line set to debut in Fall 2025. Leading this venture as Creative Director of Cosmetics is Dame Pat McGrath, the British makeup icon and…
The luxury ski apparel industry is experiencing a remarkable surge, driven by a growing passion for skiing as a recreational activity and an increasing preference for high-quality, durable, and technologically advanced attire. Amid this booming market, Perfect Moment, the high-performance luxury…