Nordstrom expands early access, adds virtual events to Anniversary Sale
Department store chain Nordstrom has announced the dates for its iconic Anniversary Sale, with early access starting as early as Aug. 4 depending on cardholder status.
Department store chain Nordstrom has announced the dates for its iconic Anniversary Sale, with early access starting as early as Aug. 4 depending on cardholder status.
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Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.
Luxury brands develop their reputation by being exclusive, which makes selling products off-price inherently risky.
Luxury has traditionally been associated with specific naturally derived materials such as leather and diamonds, but technology and changing attitudes are paving the way for manmade alternatives.
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As countries initiated lockdowns to prevent the spread of COVID-19, many luxury brands backed off on ads and turned to engaging content in a strategy that aimed to soothe consumers during distressing times.
According to a JD.com press release, on the first day of the 618 Grand Promotion event, transaction volume increased 74 percent year-on-year, and sales of luxury products increased by 400 percent year-on-year. Meanwhile, 40 brands individually reached sales of RMB 100 million.
Florida’s Bal Harbour Shops, an open-air shopping center in tropical setting with leading luxury brands as tenants, reopened its doors May 18 after adhering to health guidelines issued by federal, state and local officials.
Versace has kicked off a new social media challenge that calls on followers to share photos of V-shaped spaces as the Italian fashion label attempts to entertain homebound consumers with a little bit of fun during the ongoing global pandemic.