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Luxury industry news, covering topics in business, law, beauty, apparel, technology, e-commerce, brick-and-mortar and fashion.
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The rise of designer resale websites has revolutionized the luxury goods market, offering a sustainable and accessible alternative to traditional retail. These digital platforms have tapped into the growing demand for pre-owned luxury items, catering to consumers’ changing attitudes towards…
Saks, a premier luxury e-commerce platform, announced its partnership with Lucid Motors, an American manufacturer of luxury electric vehicles. This collaboration, launched in February 2024, is Saks’ first venture into the electric vehicle (EV) market, reflecting the retailer’s innovative approach…
Luxury brands’ outlet stores have become increasingly popular, allowing consumers to purchase high-end products at discounted prices. These stores are typically owned and operated by luxury brands, selling items from previous seasons or excess inventory. The concept of luxury outlet…
The iconic Oakridge shopping centre in Vancouver is undergoing a redevelopment, and with it comes an impressive lineup of new luxury tenants. Among the first to grace the newly rebuilt mall will be none other than Louis Vuitton, Prada, Versace,…
Chanel has prevailed in a trademark case against the reseller What Goes Around Comes Around (WGACA), a company selling vintage and pre-owned luxury goods. The New York federal court decision weighed in favor of Chanel on all four of its…
The RealReal, a luxury resale marketplace, has recently partnered with Eon Exchange to enhance the transparency and trust in the luxury resale market. This collaboration is set to revolutionize the way customers consign products by integrating digital IDs into the…
The luxury retail industry has long been at war with counterfeit goods, which undermine brand integrity and represent a significant loss in revenue. Over the years, the methods used to spot fake bags and other luxury items have evolved dramatically,…
As we step into 2024, discerning consumers are increasingly seeking out brands that offer an understated elegance, brands that don’t shout for attention but rather whisper their pedigree. These are the quiet luxury brands – offering high-quality, luxurious products and…
Luxury brands are companies that sell high-end, premium products and services that are perceived by consumers as being of superior quality and craftsmanship. These brands target affluent customers and price their products significantly higher than mainstream brands. Luxury brands build…
Italian luxury fashion house Prada has purchased the building housing its flagship store on New York City’s prestigious Fifth Avenue. The transaction, valued at $425 million, was a landmark deal from leasing to ownership for the renowned brand. Prada‘s decision…