Luxury

New PYMNTS Data Shows Affluent Shoppers Use Pay Later for Gucci and Groceries
New PYMNTS Data Shows Affluent Shoppers Use Pay Later for Gucci and Groceries
April 03, 2025  |  Buy Now Pay Later

Covet that designer dress at Bergdorf Goodman, but can’t pay for it because you’ve maxed out your credit cards? Increasingly, there’s another way. A recent...

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Affirm Teams With Stitch Fix as Fashion Sales Climb 20%
Affirm Teams With Stitch Fix as Fashion Sales Climb 20%
February 27, 2025  |  Partnerships

Affirm has launched a partnership with online personal styling service Stitch Fix. The buy now, pay later (BNPL) provider announced the collaboration Thursday (Feb. 27),...

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Shift4 Explores Tencent and Ant Pacts After Acquiring Global Blue
Shift4 Explores Tencent and Ant Pacts After Acquiring Global Blue
February 19, 2025  |  Partnerships / Acquisitions

Payments company Shift4 acquired tax-free shopping provider Global Blue in a deal that represents about $2.5 billion in enterprise value. Pennsylvania-based Shift4 gets access to...

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Saks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
Saks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
February 16, 2025  |  Retail

Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday...

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Mytheresa Credits ‘High-Spending’ Shoppers for 13% Sales Growth
Mytheresa Credits ‘High-Spending’ Shoppers for 13% Sales Growth
February 11, 2025  |  eCommerce

Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales...

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Luxury’s Lost Luster: Brands Grapple With Shifting Tastes, Economic Headwinds
Luxury’s Lost Luster: Brands Grapple With Shifting Tastes, Economic Headwinds
February 07, 2025  |  Retail

As 2025 unfolds, the luxury market is undergoing a period of mixed results and shifting dynamics. Recent news and earnings reports reveal a sector experiencing...

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Cerence and Jaguar Land Rover Partner on AI-Powered in-Car Experience
Cerence and Jaguar Land Rover Partner on AI-Powered in-Car Experience
January 02, 2025  |  Partnerships

Cerence and luxury automaker Jaguar Land Rover (JLR) partnered to develop JLR’s next-generation in-car experience. The companies will leverage Cerence’s artificial intelligence-enabled technologies for transportation...

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BNPL Makes Inroads With Luxury Brands as High Earners Pay Over Time
BNPL Makes Inroads With Luxury Brands as High Earners Pay Over Time
January 01, 2025  |  BNPL

The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and...

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The RealReal Soars as Luxury Shoppers Cut Back
The RealReal Soars as Luxury Shoppers Cut Back
December 19, 2024  |  Retail

The luxury fashion world’s loss has been The RealReal’s gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have...

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