Is this the end of wholesale?
As luxury marketers focus more on their own direct-to-consumer capabilities, stores globally have to up their game when it comes to promoting brands.
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US department store giant Neiman Marcus Group may file for bankruptcy this weekend: reports
The 43-store retailer is expected to file for bankruptcy on Sunday, April 26, according to lenders talking anonymously to many media outlets in the U.S.
Luxury Daily, April 21, 2020 – Challenge for skincare brands: cost to acquire customers will increase every year
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Nordstrom, in ongoing eco push, to eliminate single-use plastic bags at outlet stores
Ahead of Earth Day on April 22, U.S. department store giant Nordstrom has introduced new sustainability goals and initiatives to minimize its environmental impact by 2025.
Montblanc, upping China presence, follows Richemont sibling Cartier with flagship store on Tmall Luxury Pavilion
Germany’s Montblanc is accelerating its ecommerce strategy in China with the launch of its flagship store on Alibaba Group’s Tmall Luxury Pavilion for luxury and premium brands.
Who are the third-party platforms driving luxury ecommerce?
If luxury companies were not already operating through ecommerce, the coronavirus pandemic has acted as a call to do so – not necessarily to offer a brand’s entire range of product, just enough to appease the demand of quarantined luxury shoppers.
US department stores, in survival mode, offer deep discounts to boost online sales
U.S. department store chains are hungry for revenue, offering consumers tantalizing online discounts to keep the lights on in an extremely dark period as government-mandated COVID-19 lockdowns threaten the stability of an already perilous business model.
Luxury Daily, April 14, 2020 – Brands should nurture loyal wealthy customers as retention is key to bounceback
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Can ecommerce rescue luxury brands amid a global pandemic?
With unprecedented mass closures of bricks-and-mortar stores, ecommerce veterans continue to enjoy sales from consumers’ homes, while those who were slow to adapt are now playing catch-up.
JD.com vs. Tmall: China’s luxury ecommerce battleground
Over the last two decades, ecommerce giants Alibaba and JD.com have gone head to head for the title of leading online retailer in China.