Luxury
Luxury industry news, covering topics in business, law, beauty, apparel, technology, e-commerce, brick-and-mortar and fashion.
The luxury handbag market is fueled by increasing disposable incomes among millennials and Gen Z, who view luxury handbags as both functional items and status symbols..
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.
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.
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 global luxury market is walking a tightrope between tradition and transformation as it approaches 2030.
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.
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.
Gucci has reclaimed its position as the most successful luxury brand on Douyin, China’s popular short video app, surpassing Ralph Lauren.
Rebag, the leading luxury resale platform, is accelerating its brick-and-mortar growth by opening two new outlet stores in 2025.
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.
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.
The allure of the digital world is unmistakable, and as the metaverse increasingly seeps into mainstream consciousness via gaming, NFTs, and AR/VR technologies, a fascinating trend is emerging.
Starting a business from the comfort of your home might seem daunting, but for 28-year-old Jenny Lei, it became a journey of resilience and growth.
As we navigate through 2024, the jewelry market continues demonstrating dynamic trends and consumer preferences. This year, specific jewelry categories have emerged as top sellers, driven by a mix of timeless appeal and modern innovation.
Hermès has established itself as a formidable player in the luxury market, achieving remarkable growth even as competitors like LVMH and Gucci face declines.
The luxury market in China, once a booming sector for European brands, is now facing a significant downturn.
Tiffany & Co recently inaugurated a new flagship store at the prestigious Bal Harbour Shops in Miami Beach, FL.
The RealReal, a leader in the booming luxury resale market, has announced a major leadership shift as Rati Sahi Levesque takes over as CEO following John Koryl’s departure.
Warner Bros Discovery Global Consumer Products (WBDGCP) and Relevance International have launched sale allocations for the first-ever officially sanctioned replica of the Tumbler, the iconic vehicle driven by Batman in Christopher Nolan’s critically acclaimed The Dark Knight Trilogy.
In 2024, the luxury beauty market has witnessed significant spending patterns across different regions, particularly in China and the United States.