Saks has canceled its holiday light show in a decision that it will regret. It will also miss making the most of Fifth Avenue Association’s 200th anniversary.
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5 Reasons Why Luxury Market Headwinds From 2024 Won’t Subside In 2025
Bain reports the luxury goods market retreated 2% in 2024. While recovery is expected next year, evidence in this year’s data suggests headwinds will continue in 2025.
Nike Must Repair Its Reputation Before Financial Performance Recovers
Nike’s reputation tanked after its Olympic ad misfired. It also faces new challenges from XX-XY Athletics about supporting female athletes that has gone viral.
5 Fewer Prime Shopping Days Puts Pressure On Retailers’ Holiday Plans
Retailers face a challenging year-end holiday season, complicated by the election, drop in consumer confidence and five fewer peak shopping days in 2024.
More Trouble For Gucci: Lawsuit Claims Unethical Animal Treatment In Supply Chain
A U.S. class-action lawsuit against Gucci claims exotic animals were abused for their skins and customers were deceived that its leather was ethically sourced.
