Sustainability emerges as top fashion sourcing priority: McKinsey
As consumer demand for sustainable fashion accelerates, apparel companies are ambitiously planning to significantly ramp up their offerings and transparency in the coming years.
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Bloomingdale’s becomes Riley Home’s first retail partner
Linens label Riley Home is launching at department store chain Bloomingdale’s, marking the retailer’s first partnership with a direct-to-consumer bedding and bath brand.
Givenchy goes all-American for US ecommerce launch
French fashion house Givenchy has extended its direct-operated ecommerce store to the U.S. market.
Luxury stocks fluctuate amid geopolitical uncertainties
Political and economic tensions persist in Europe and Asia, but the prospect of a busy holiday shopping season on the horizon has eased some luxury investors’ concerns.
Children in luxury – Luxury Memo special report
As children’s power as purchase influencers blossoms, a growing number of luxury brands are offering family-friendly experiences and goods to capitalize on affluent parents’ desire to spoil their kids.
Cosmetics industry tops fashion for sustainability media impact
As environmental consciousness becomes a larger consideration for contemporary consumers, the cosmetics industry has generated more conversation and media impact value around sustainability than the fashion industry.
Gen Z-friendly Louis Vuitton, Gucci most searched luxury brands
Generations Y and Z will account for 130 percent of luxury market growth through 2025, but brands need to stay cognizant that these consumers have evolving views of ownership.
Luxury Daily, October 1, 2019 – UHNW wealth dropped in 2018 as priorities shifted to preservation
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France moves to ban luxury brands from destroying overstock goods
The French Senate has approved legislation that would ban the destruction of unsold non-food items, including luxury goods and cosmetics, as overstock practices continue to draw scrutiny.
Pure-play etailers seeing fastest fashion ecommerce growth: Fashionbi
Ecommerce is becoming an increasingly significant portion of the luxury fashion business and it is driving much of the category’s growth, as consumers seek out better selection and simplified shopping.