Commerce


What 2011 earnings say about the 2012 luxury shopper

February 3, 2012

Even though the industry as a whole did not report superlative earnings, luxury retailers came out on top at the end of 2011, indicating that the luxury shopper should continue to flourish in 2012.


Facebook evolution presents new kind of social commerce: WWD speaker

January 26, 2012

NEW YORK – The new updates by Facebook this week will require a major shift in strategy for brands advertising on the platform, presenting opportunities more focused on sharing and interaction, according to a speaker from WWD’s Forum.

Gilt Groupe’s woes may signify overall slump in flash-sale industry

January 25, 2012

Luxury flash-sale site Gilt Groupe’s recent lay-offs and office closings are leading some in the luxury industry to question the longevity of the flash-sale business.

Four Seasons Private Residences restructures pricing options to get out of slump

January 19, 2012

The Four Seasons Private Residences in Denver has restructured its pricing system to help convince affluent consumers that a primary or second-home purchase is a good investment in today’s unstable economy.

Nordstrom redesigns rewards program for stronger customer ties

January 12, 2012

Department store chain Nordstrom is looking to strengthen its customer relationships with a newly-redesigned fashion rewards program that puts more control in the hands of the shopper.

Tiffany holiday sales results not indicative of its marketing

January 11, 2012

Although jeweler Tiffany & Co. did not do as well this holiday season as forecast in November, it could be that the results are generally indicative of the economy and consumers’ moods, not necessarily of the brand’s marketing.

Rolls-Royce beats 107-year sales record

January 10, 2012

Rolls-Royce Motor Cars claimed a 31 percent increase in sales from 2011, attributing its heritage and branding in addition to a resurgence of luxury goods spending as the reasons for the best annual sales record in its 107-year history.

Going public is key for luxury brands to grow on a global scale

January 3, 2012

A number of luxury brands went from privately- to publicly-owned companies in 2011 to help increase the scale and reach of the label, particularly in emerging markets.

Mobile made up 18pc of Christmas Day traffic: IBM

December 29, 2011

Traffic from mobile devices accounted for 18.3 percent of overall Web traffic on Christmas Day, per a study by IBM Coremetrics.

Ashford.com aims to increase sales via mobile site

December 27, 2011

Watch and jewelry retailer Ashford.com is aiming to increase its sales this holiday season via a new mobile-optimized, commerce-enabled site.