US consumers can’t get enough of luxury retail: While Walmart and Target struggle, LVMH and Burberry benefit as affluent customers ramp up their spending.

Amazon’s fashion expansion continues with forays into luxury and physical retail: The company’s high-end ambitions are at odds with its emphasis on value and low prices.

Gucci opens new experience on Roblox: Luxury brand’s latest immersive space shows its willingness to test the retail possibilities of the metaverse.

Farfetch and Neiman Marcus join forces to update luxury retail for the ecommerce age: The fashion platform will invest up to $200 million in the retailer, with the latter using Farfetch’s ecommerce tools to power digital channels.

Across almost all product categories, US luxury shoppers are far more likely to make purchases in-store than online. Physical retail had the widest lead in the food and beverage category, followed by watches and jewelry. Digital got the upper hand in only fashion and travel, suggesting that for many tangible luxury goods, shoppers prefer to see and feel them before spending big bucks.

Shifting resources away from developing luxury models to mass market ones could help automakers stay afloat and boost EV adoption.

Fashion resale has become one of the fastest-growing segments in apparel retail, and this year most sales will take place online. This report looks at our inaugural forecast for online resale fashion and how brands and retailers can leverage new opportunities in this rapidly ascending sector.

Two fintechs powering circularity and resale of fashion and luxury items pitch sustainability while also edging their users into a tokenized economy.

The LVMH-led Aura Blockchain Consortium aims to provide complete supply-chain information for luxury goods and is also developing an NFT solution. Linking NFTs to physical and virtual goods could also give brands rights to a portion of resale proceeds. What are the risk factors for brands? The long-term outlook for NFTs is unclear.

If your brand is selling physical high-end or luxury goods like wine or jewelry, attaching NFTs to each item as certificates of authenticity can help boost trust in the genuineness of your product. Ask what the real-life utilities are that will help make the program stick and make users come back.

And with luxury brands continuing to raise their prices, buying secondhand allows consumers to get access to the goods they covet without emptying their bank accounts. We forecast the US online fashion resale market will grow by 46.6% YoY in 2022 to $15.50 billion, but most of this growth will be driven by existing buyers spending more, rather than new shoppers entering the market.

US jewelry sales grew 27.5% in 2021 to reach $47.1 billion, making up 8.8% of the apparels and accessories category.