10 Most Followed Luxury Brands on Instagram (2024 Ranking)

Luxury fashion brands have long captivated audiences with exquisite designs and A-list celebrity connections. So, it’s no surprise the competition among luxury brands on Instagram is fiercer than ever, with each vying for the coveted top spot as the top luxury brands on Instagram.

White Label vs Private Label

In this article, we will explore the definitions of white labeling and private labeling in fashion and how they can impact brand differentiation and fashion branding.

2 to 4% Expected Growth for Luxury Goods Market in 2024

Despite initial setbacks and economic uncertainties brought on by the COVID-19 pandemic,, recent reports indicate that luxury brands are experiencing a significant rebound, defying expectations and showcasing the sector’s enduring appeal.

88% of Americans are now aware of Temu

In 18 months, the Chinese e-commerce platform Temu has achieved a feat that most brands only dream of—becoming a household name in the United States.

54% of shoppers prefer to buy items advertised by 'trusted' retailer

American consumers are increasingly influenced by ads served on retailers’ own websites compared to third-party marketplaces, according to a new study by Intellias, a leading software engineering and digital consultancy company.

Acne Studio Purse Skirt Goes Viral

Acne Studios, a luxury fashion house based in Stockholm, Sweden, is no stranger to innovation and pushing boundaries.

Wealth Report: At Least $5.8 Million to Join America's Top 1%

In today’s world, where the gap between the wealthy and the average citizen seems to be ever-widening, the lifestyles of the top 1% have become a subject of fascination and scrutiny.

20.1% of retail purchases are expected to take place online in 2024

Ecommerce has experienced tremendous growth over the past decade, fundamentally transforming the retail landscape. Ecommerce sales are projected to surpass the $6 trillion mark in 2024 and the worldwide ecommerce share will be 12.4%.

91% make online purchases using their smartphone

In a recent survey conducted by Pew Research Center, 91% of adults aged 18 to 49 report using their smartphones to make online purchases, compared to 69% of those aged 50 to 64 and 48% of those 65 and older.

Luxury brands aim to open more retail stores in airports

Gone are the days when airport shopping was limited to convenience stores, newsstands, and souvenir shops.

45% of Pinterest's U.S. users are affluent shoppers

Pinterest, the social media platform known for capturing the attention of millions of affluent shoppers, is an opportunity luxury retailers simply cannot afford to miss.

SSENSE Unveils Most Influential Brands

SSENSE, a leading global fashion platform, has released its highly anticipated 2024 Trend Report, providing valuable insights into the preferences and behaviors of its most engaged shoppers.

US Retail E-commerce Sales To Surpass $145 Billion Dollars

According to a report from Statista, United States retail e-commerce revenue from the sale of fashion apparel, footwear, and accessories is anticipated to surpass the $145 billion mark.

41% of Gen Z cardholders are dissatisfied with reward programs

According to a report by PYMNTS Intelligence, a significant 41% of Gen Z cardholders are dissatisfied with their credit card rewards programs.

70.19% is the average shopping cart abandonment rate

A staggering figure brought to light by the Baymard Institute, a leader in e-commerce research, suggests that the final stages of this journey are frequently left incomplete.

The Top 10 Jewelry and Luxury Products Websites in USA

From bespoke engagement rings and heirloom watches to the latest haute couture, these top 10 jewelry and luxury product websites in the USA are the premier destinations for those looking to indulge in the finest wearables that money can buy.

A $70 Kitty Plush Bag Has Gone Viral On Tiktok

If you’re keen on keeping up with the latest trends sweeping across social media, you can’t have missed the latest aw-sitively adorable sensation– the Kitty Plush Bag.

Less than 14% of luxury shoppers using online channels

A recent report from RetailX Global Luxury Report 2024 reveals a surprising statistic: less than 14% of luxury shoppers are utilizing online channels for their purchases.

77% U.S. Shoppers Continue to Trade Down

According to a new McKinsey report, the trend of “trading down” among American shoppers is gaining momentum in 2024, with 77% of consumers opting for more cost-effective shopping habits.

60 Percent of US Shoppers Used Split-Payment Options

As of the latest reports, split-payment options have seen a significant surge in popularity among US shoppers.