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Lord & Taylor鈥檚 new owner has grand ambitions: The storied department store will relaunch as a luxury off-price etailer and license its brand name for a wide range of merchandise.

Walmart is ratcheting up its assortment of higher-end apparel and partnering with resale platform Rebag to offer pre-owned luxury accessories from brands like Gucci and Chanel. Amazon opened a dedicated storefront for Michael Kors merchandise on its platform. Academy Sports added Nike鈥檚 Jordan brand apparel and shoes to appeal to consumers who have a taste for higher-end products.

Its decision to let go of Stella McCartney鈥檚 label follows similar housekeeping moves to offload Off-White and a majority stake in its cruise retail business. There are also rumors that the company is exploring potential sales of its struggling DFS duty-free business and Marc Jacobs.

By offering affordable luxury鈥攍ike $50 cashmere sweaters鈥攊t has carved out a niche between fast fashion and high-end luxury, appealing to value-conscious yet style-savvy consumers. When the retailer launched in 2020 it sold apparel, accessories, jewelry, and home decor. Since then it has steadily expanded into women鈥檚 footwear, cookware, and bedding.

Luxury brands Herm猫s, Christian Dior, and Bulgari have recently expanded their footprint in the region, as have retailers such as Victoria鈥檚 Secret, Uniqlo, New Balance, and Foot Locker. Our take: India鈥檚 retail industry faces a significant challenge: a lack of consumer demand.

But Shopify, like other retail-related companies, faces several potential challenges, including foreign exchange headwinds due to the strong US dollar, tariffs, and the Trump administration鈥檚 plans to close the 鈥渄e minimis鈥� loophole.

Macy鈥檚 had a mixed Q3: Sales at its luxury Bloomingdale鈥檚 and Bluemercury labels rose, but its namesake brand is struggling to attract shoppers

Mytheresa knows what luxury shoppers want: The luxury ecommerce retailer grew sales by 7.6%, bucking the global luxury slowdown.

Walmart鈥檚 brand refresh reflects its retail evolution: Its visual update accompanies initiatives to enhance ecommerce capabilities and lure more affluent and Gen Z shoppers.

Global personal luxury sales will contract this year: That will be the first decline since the Great Recession as weak spending in China weighs on the broader market.

President-elect Trump鈥檚 plans to cut EV incentives and expand oil production could drive up vehicle costs, undermining Biden鈥檚 clean-energy policies.

Burberry returns to its roots: To turn its fortunes around, the struggling luxury company will undo its brand elevation strategy and focus on outerwear and scarves.

Ralph Lauren and Tapestry sidestep luxury slowdown: The two companies beat expectations thanks to brand elevation efforts that resulted in higher AUR.

The country鈥檚 property crisis is taking its toll on consumer confidence鈥攁nd, consequently, retail spending鈥攁s shoppers prioritize saving money over discretionary purchases.

Herm猫s鈥� strong Q3 performance makes it a luxury outlier: The company鈥檚 double-digit growth was in stark contrast to Kering鈥檚 slump, as weak global demand weighed on sales.

Hyatt plans to open over 50 luxury and lifestyle hotels globally by 2026. The company has doubled its luxury room count since 2017, with 70% of its hotel rooms now categorized as luxury or 鈥渦pper upscale.鈥�. Delta is reconfiguring its planes to increase premium seating and adding perks like upgraded lounges and Shake Shack burgers to enhance its appeal to frequent flyers.

Lululemon bucks China slowdown as international business gains momentum: The brand鈥檚 premium sportswear is resonating with Chinese shoppers鈥攂ut product challenges keep US consumers on the fence.