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Luxury is entering a new era — slower, more selective, and far less forgiving. The post‑pandemic boom is over. What comes next is not decline, but a reset — one that will separate brands that protect their value from those that quietly lose relevance.
Saks Global is closing 15 more stores, primarily Saks Fifth Avenue while Neiman Marcus largely remains, as part of major restructuring under former NM CEO van Raemdonck.
Starting 2026, retail is strong. Yet recent bankruptcy filings, suggest otherwise. RapidRatings lists retailers most at risk from internal issues, not sector weakness.
Macy’s is laying off 1,000 fulfillment workers and will close 14 stores this year, down from 66 closed last year. Existing stores that have undergone transformation are delivering positive results.
Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
Speaker, author, and market researcher Pamela N. Danziger is internationally recognized for her expertise on the world’s most influential consumers: the American Affluent. As founder of Unity Marketing, Pam leads with research to provide brands with actionable insights into the minds of their most profitable customers.
Learn more about Pam