South Koreans are the world’s biggest spenders on luxury goods
Hits: 8Morgan Stanley says South Koreans spend more on luxury goods per capita than even American or Chinese nationals. Source
Hits: 8Morgan Stanley says South Koreans spend more on luxury goods per capita than even American or Chinese nationals. Source
Hits: 10Nike’s CEO John Donahoe said the company is “really focused” on Gen Z consumers in China and aims to see inventory levels normalized by the end of the fiscal year. Source
Hits: 7Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. Source
Hits: 14A jersey that Kobe Bryant wore for 25 games during his MVP season is being sold at auction by Sotheby’s. Source
Hits: 14Walmart has used its reach and e-commerce growth to make money in new ways. Source
Hits: 11Starbucks corporate employees will be returning to the office at least three days by the end of the month. Source
Hits: 11Prince Harry’s memoir “Spare” became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. Source
Hits: 15Amazon’s (AMZN) soon-to-be widely available Buy with Prime service could be a profitable revenue channel for the e-commerce giant. Source
Hits: 12Babies R Us, which went out of business in 2018, will open a flagship store at the American Dream megamall in New Jersey. Source
Hits: 12Amazon is considering closing three sites in England and in Scotland in a move union reps criticize despite the company’s pledges of alternative jobs. Source
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