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A luxury retailer is a business that specializes in selling high-end, premium products that are often synonymous with opulence and high quality. These retailers typically offer goods from top-tier brands known for their craftsmanship, exclusivity, and design. The products sold by luxury retailers range from clothing and accessories to jewelry, watches, and sometimes even gourmet foods and home decor. Luxury retailers cater to an affluent clientele that seeks items that convey status, taste, and a level of wealth. They are characterized by their superior customer service, personalized shopping experiences, and often opulent retail environments. Examples of luxury retailers include Saks off 5th, Nordstrom, Holt Renfrew, Neiman Marcus, and Harrods.
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Jonathan Akeroyd was announced as the new Chief Executive Officer of Burberry, the iconic British luxury brand, on October 20, 2021. He officially assumed the role on April 1, 2022, succeeding Marco Gobbetti, who departed for Salvatore Ferragamo. Akeroyd’s appointment…
Burberry, the iconic British luxury brand, has launched a new handbag collection called the Rhombi. This collection is part of their Spring/Summer 2022 Womenswear presentation, titled “Animal Instinct,” which is inspired by the power of imagination, dreams, and fantasy. Riccardo…
On October 1st, Hermès opened a new store in the Aventura Mall, the largest mall in the state of Florida, located between Miami and Fort Lauderdale. The store expands Hermès’ presence in Florida with a space inspired by the unique…
Rebag, the authority for buying and selling luxury, releases the second edition of its Clair Report, a consumer resource covering shifts within the luxury market pertaining to retained brand value and pricing trends. Culled from the data retrieved from Rebag’s…
Saks OFF 5th, premier luxury off-price destination, is continuing to support and invest in its people with wage increases, bonus opportunities and competitive benefit offerings. Effective immediately, Saks OFF 5TH is raising minimum base wages for all hourly store associates…
Nigo, a renowned Japanese fashion designer, DJ, record producer, and entrepreneur, was appointed as the Artistic Director of Maison Kenzo on September 20th, 2021. Born Tomoaki Nagao on December 23, 1970, Nigo is best known for creating the urban clothing…
Hermès Paris, the renowned French luxury design house, has expanded its presence in the United States with the opening of a new store in Short Hills, New Jersey. Located at 1200 Morris Turnpike, Space A-201 in the Short Hills Mall,…
Yorkdale Shopping Centre, a premier shopping destination in Toronto, Ontario, has announced the addition of new luxury brands to its impressive roster of stores. Among the most notable brands set to open are Alexander McQueen and Celine. The mall, which…
The final of the 8th edition of the LVMH Prize for Young Fashion Designers took place on 7th September 2021 at the Louis Vuitton Foundation, in the presence of six artistic directors from the LVMH Group, Virgil Abloh, Jonathan Anderson,…
Hermès has unveiled its new home collections for 2021-2022 at Milan Design Week. The showcase took place at La Pelota, where the brand displayed its latest creations inside four monumental structures. The theme of lightness was prevalent throughout the exhibition,…