Online adds to the bottom line
US: Luxury market loses ‘aspirational’ consumer – research
Despite a dramatic increase in consumer spending on luxury goods last year, the actual number of customers in the market…
In the money: Luxury sector taps into online potential
The nuts and bolts of Richemont's acquisition of fast-growing fashion retail website Net-a-Porter are easy enough to understand - but…
UK: Asos to launch marketplace “this year”
Online fashion retailer Asos is poised to launch its delayed Marketplace site later this year, allowing consumers to buy and…
US: Luxury rebound cuts Q1 losses at Bluefly
Online retailer Bluefly has been boosted by a revival in the luxury market, narrowing first quarter losses by 52%…
EUROPE: Luxury groups back new EU retail rules
New European Commission rules which could restrict the sale of luxury goods online have been backed by groups including LVMH…
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SWITZERLAND: Richemont buys Net-a-Porter in GBP350m deal
Luxury goods group Richemont has agreed to buy online fashion portal Net-a-Porter in a deal which values the business at…
US: Luxury boost as Saks Inc narrows Q4 loss
Better gross margins and tighter cost controls have helped upmarket department store retailer Saks Incorporated narrow its fourth quarter losses,…