RetailReport

Bain: The Rise of Millennialism is Changing Luxury

After briefly falling lower in favor last year, the luxury market has reached a “new normal” pattern of growth thanks to more spendy Chinese consumers and the age of Millennialism.

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Financial

Neiman Marcus Sales Plummet in Q1

Neiman Marcus enters Q1 behind the eight ball. The Dallas-based luxury retailer reported its fifth straight quarter of comp store losses this week. Neimans—which operates 42 Neiman Marcus stores, two Bergdorf Goodman stores, 29 Last Call clearance centers, 13 Last Call Studios as well as… Read More

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