蘑菇AV

While mid-tier retailers like Bed Bath & Beyond and Kohl鈥檚 struggle, discount and luxury retailers are seeing success as some consumers trade down amid inflation while others splurge to treat themselves amid tough times, respectively. But these polar opposites are using the same tools and tactics to attract new customers and retain current ones.

Chanel purchases Paris property at 42 Avenue Montaigne: The French designer snapped up the building one block from the Champs-脡lys茅es as luxury competitors race to claim prime real estate.

The news: A federal judge blocked Tapestry鈥檚 $8.5 billion acquisition of Michael Kors owner Capri on the grounds that the deal would result in less competition and higher prices in the accessible luxury handbag category. The ruling is a major victory for the Federal Trade Commission (FTC), which now has a winning record under chair Lina Khan.

Luxury brands are buying up premium real estate: Kering, LVMH, and Prada are spending big to acquire flagship properties on prime retail corridors.

Saks launches retail media network amid slowing sales: The ecommerce retailer is billing its offering as a unique opportunity to connect with luxury shoppers.

On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss in-store retail media: what's holding it back, cooler screens and smart carts impact, and what digital advertising looks like outside the store. Then, for "Pop-Up Rankings," we rank the top three heritage brands that have found a way to become cool again. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Zak Stambor.

Dupes gain steam as shoppers seek middle ground between fast fashion and luxury labels: Quince and Italic are among the brands poised to benefit as shoppers prioritize affordability.

At the same time, the prospect of future economic pain appears to be motivating shoppers to indulge in affordable luxuries like high-end perfumes and other beauty as well as health products.

What do you get when you cross a $35 billion ad platform with a 160 million viewer streaming service? A snapshot of Amazon鈥檚 US retail media connected TV (CTV) potential. Luxury brand Movado is leveraging that potential to push video campaigns for Amazon Prime and Freevee viewers.

While luxury sales are slowing as consumers flock to cheaper retailers for apparel, beauty, and other goods, luxury retailers with off-price brands, like Neiman Marcus Last Call and Nordstrom Rack, are seeing store visits climb.

If that prediction holds true, that could mean tough days ahead for many fast food chains, particularly since the value wars have done little to change consumers鈥� perception that fast food is a luxury.

The RealReal cited a focus on increasing its luxury assortment as a driving reason behind its plans to expand its fleet of stores this year. AI technology has the potential to revolutionize online resale. Nearly half of retail CFOs plan to leverage automation and AI to optimize costs in 2024.

Its latest release, La Cuv茅e Vintage 2022, retails for $119 a bottle. Why it matters: While LVMH鈥檚 Mo毛t Hennessy brand dominates the Champagne market with acclaimed labels such as Dom P茅rignon, Krug, and Veuve Clicquot, the company鈥檚 investment in French Bloom marks its first foray into the nonalcoholic drinks space. There's a good reason for LVMH to expand into that space.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

In a year of shrinking margins and pulled-back consumer spending, luxury sales have remained relatively immune to the headwinds plaguing other retailers. Here are five charts that break down why the bubble hasn鈥檛 burst yet.

Some stability will finally emerge in Asia-Pacific鈥檚 retail sector after several years of disruption from the pandemic. But the market and businesses will be unsettled, beset by a new wave of technological disruption from AI, the metaverse, and more.

As consumers balance the cost of necessities with the desire to splurge, secondhand luxury is a sweet spot, giving shoppers a way to treat themselves without breaking the bank. The category, which was valued at 鈧�43 billion ($45.21 billion) in 2022, will continue to grow, driven by cost-conscious and sustainability-minded consumers.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.