The letter from Matthew Shay, president/CEO of the country’s largest retail trade association, seeks to clarifications from the Trump administration as state and local governments enact ad-hoc, patchwork and piecemeal regulations to protect against the spread of the COVID-19 coronavirus.
The coronavirus is taking its toll on the health of the luxury business, as uncertainty is keeping consumers home, stock markets worldwide gyrate unnervingly and oil prices plummet.
U.S. department store chain Neiman Marcus has kicked off its men’s spring campaign in a strategic effort that shows off the new line through personal video vignettes of influencers in their favorite cities.
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Altagamma warns the effects of the virus are going to extend beyond the first half of 2020 into 2021.
As the coronavirus reaches pandemic proportions, luxury marketers may be forced to come to a stark realization: 2020 may be a write-off, and the five-letter engine for profit and growth – China – has temporarily sputtered.
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Chinese online retailer Secoo has debuted its two-hour delivery service in Beijing, thus further collapsing the time between product order and fulfillment in a highly demanding China luxury landscape.
Department store chain Nordstrom is promoting circularity with a resale project that aims to give a second life to customer returns and donations.
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