Ailing Luxury Goods Sector Looks to Middle East, Southeast Asia
“I am naïve enough to think that China will come back in the not-too-distant future.” So says, a little sheepishly, Erwan Rambourg, luxury analyst at HSBC and author of “Bling…
Dick’s Sporting Goods to Close Foot Locker Acquisition in September
A new athletic retail powerhouse is one step closer to becoming reality. On Tuesday, Dick’s Sporting Goods noted that all required regulatory approvals – including observing the required waiting period…
Foot Locker Shareholders Approve Acquisition by Dick’s Sporting Goods
Shareholders for , Inc. voted to approve its previously announced acquisition by Dick’s Sporting Goods, Inc. at the company’s special meeting of shareholders held on Friday. Under the terms of…
Premium Goods’ Founder on His Super-Exclusive Nike Air Max 1 Collab
Clarence Nathan, founder of Premium Goods, is frank when discussing the feedback of his Brooklyn boutique’s forthcoming Nike Air Max 1 collaboration. “I’d like to think people like the shoe,…
Premium Goods x Nike Air Max 1 HM9634-100 Release Date
Among the numerous sneakers debuted at Paris Fashion Week was a collaboration fusing two brands from the States: sportswear powerhouse Nike and bicoastal retailer Premium Goods. Specifically, it’s the store’s…
The Ultra Wealthy Are Spooked, and Losing Interest in Luxury Goods
LONDON – Since the pandemic ended, ultra high-net-worth customers has been the driving force behind luxury sales as the less-affluent, aspirational shoppers have put the brakes on spending. But…
Dick’s Sporting Goods Joins Uber Eats Platform
Dick’s Sporting Goods is expanding its digital footprint to include the Uber Eats platform. The retailer has partnered with Uber Technologies Inc., giving Uber Eats customers the ability both ordering…
Luxury Shoppers Are Investing in Handbags and Luxury Goods Over Stocks
In a new report, Whatnot, the live shopping marketplace, looks at how shoppers are spending on luxury goods. A Censuswide survey commissioned by Whatnot polled 2,000 luxury goods shoppers in…
Farfetch Pushes Into South Korea, a Major Luxury Goods Market
LONDON — Farfetch is pushing into South Korea, one of the world’s hottest luxury markets, through an integration with the R.Lux app, Coupang’s luxury vertical in the country. Farfetch is…
Dick’s Sporting Goods Deal for Foot Locker Could Be Big Boost for Nike
On the heels of Skechers’ $9 billion go-private deal last week, all eyes are now on Dick’s Sporting Goods Inc.’s $2.4 billion move to buy Inc. — with Nike potentially…
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