Consumers have adjusted their spending behavior in the face of inflation and economic uncertainty worldwide, according to business services firm PWC, with 53% of global consumers “holding back” on non-essential spending. At the same time, PWC, formerly...
The luxury customer gave Macy’s a boost in the third quarter as the company’s prospects evolve given opportunities to leverage its upscale store concepts and execute against its omnichannel strategy with a mix of online and brick-and-mortar initiatives. Net income was...
Although no longer publicly traded, the Neiman Marcus Group released fiscal year 2022 business highlights and the company’s work toward its designated goal: Revolutionizing Luxury Experiences. During the first quarter, NMG appointed Ryan Ross as president of Neiman...
After a 200-year history, Lord & Taylor is taking a step into the future with a revamped assortment and approach to consumers that includes a new emphasis on home merchandise. Lord & Taylor is repositioning as a go-to destination for what the company...
Perigold, which features brands that usually are in the realm of interior designers, is celebrating its fifth anniversary with a new marketing campaign that highlights its vision to ‘unlock extraordinary’ and offer access and the opportunity to shop luxury home...
