JOOR’s Post

Extra Charges for Faster Delivery in Luxury and Fashion Many websites indeed provide fast and cost-free shipping, but on the other hand, people like to pay extra charges to get the product the same day or within the next one or two hours. Many platforms provide such schemes to those brands which need required material before time. Besides it, many brands or online stores prefer extra charges in delivery because of demand in the market. #luxury #fashion #ecommerce ZIP2D

Extra Charges for Faster Delivery in Luxury and Fashion Many websites indeed provide fast and cost-free shipping, but on the other hand, people like to pay extra charges to get the product the same day or within the next one or two hours. Many platforms provide such schemes to those brands which need required material before time. Besides it, many brands or online stores prefer extra charges in delivery because of demand in the market. #luxury #fashion #ecommerce ZIP2D

I've written a piece based on some great articles published this month by Business of Fashion, The Times, and the Guardian. The focus is on luxury brands that may now be in a reframing or repositioning exercise on their ideal shopper persona. Isabella Fish's recent article on insolvencies across much of mid-market retail in 2023 links in almost perfectly with Steve Dennis' idea of the mid-market miasma effecting both physical and ecommerce stores. #fashion #retail #luxury #fashionretail #retailtechnology https://lnkd.in/e9BRdeY9

The combination of artistry, artistry, and usefulness is evident in Luxury Packaging. However, it is an effective instrument for building brand recognition and fostering consumer interaction. 🌐 https://is.gd/sBxVGl 📧 support@custompackagingpro.com 📞 2813938119 #LuxuryPackaging #Packaging #LuxuryBoxes #CustomBoxes #CustomLuxuryPackaging #LuxuryPackagingBoxes #PrintedLuxuryBoxes #BoxesWholesale

𝗟𝘂𝘅𝘂𝗿𝘆 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗚𝗼𝗼𝗱𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟬 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁 The report provides an overview of the evolution of the Luxury Consumer Goods industry chain, examining the market dynamics of Specialty Stores (Apparel, Handbags) and Duty-Free Shops (Apparel, Handbags). It delves into key enterprises across developed and emerging markets, analyzing cutting-edge technologies, patents, popular applications, and market trends within the Luxury Consumer Goods sector. Geographically, the report scrutinizes Luxury Consumer Goods markets in pivotal regions. North America and Europe exhibit steady growth attributed to government initiatives and heightened consumer consciousness. Meanwhile, Asia-Pacific, spearheaded by China, dominates the global Luxury Consumer Goods arena, fueled by robust domestic demand, favorable policies, and a robust manufacturing infrastructure. 𝗧𝗼 𝗸𝗻𝗼𝘄 𝗟𝘂𝘅𝘂𝗿𝘆 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗚𝗼𝗼𝗱𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰 𝘁𝗼 𝟮𝟬𝟯𝟬 ,𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙:https://lnkd.in/gUP22Mis *𝗕𝘆 𝗧𝘆𝗽𝗲: Handbag, Footwear   *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 Specialty Store, Duty Free Shop *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa #luxurygoods #consumermarket #luxuryshopping #luxurybrands #premiumproducts #highendgoods #luxurylifestyle #luxuryshoppingexperience #luxuryfashion #luxuryaccessories #luxuryjewelry #luxurywatches #luxurycars #luxuryhomes #luxuryelectronics #luxurytravel #luxurybeauty #luxuryperfumes #luxurydesign #luxuryinteriors #luxuryexperience #luxurystyle #luxuryliving #luxuryevents #luxuryretail #luxurytrends #luxuryconsumers #luxuryinnovation #luxuryexclusivity #luxurygifts

🟢 Bloomingdale’s now offers pre-owned luxury goods in its stores & online.. and launches resale 👇 The luxury department store chain announced a partnership with Rebag, a New York-based resale specialist, to expand its offering with selected pre-loved luxury handbags, watches & fine jewelry. 🇺🇸 The secondhand assortment will be available both online and in 5 selected USA Bloomingdale's locations as dedicated shop-in-shops. ♻️ Bloomingdale’s customers will not only be able to purchase pre-owned luxury items, but also sell their own pre-loved pieces. Rebag provides quotes & immediate payouts for accepted products, making the process convenient for shoppers. 👜 The retailer stated that it launches pre-loved to meet customers' needs and introduce a new range of ultra-luxury brands. 📈 The secondhand fashion market experienced significant growth the last years, mainly driven by younger consumers and shifting attitudes towards luxury fashion. 🤝 In response to this trend, major retailers such as Walmart and Amazon have formed similar partnerships with various secondhand platforms such as What Goes Around Comes Around. → In 2019, Neiman Marcus Group purchased a minority stake in FASHIONPHILE, a competitor of Rebag. → In the UAE, Level Shoes was the first luxury retailer to launch its branded resale program in collaboration with Reflaunt. But not all that glitters is gold though. 🤑 The online resale market is becoming increasingly crowded & competitive, and despite its hyper growth, profitability remains a challenge due to lower margins and high operational expenses. It took The RealReal 5 years to post positive quarterly EBITDA since its IPO in 2019, for example. In 2022, the peer-to-peer fashion marketplace Poshmark was sold off at half its IPO valuation, just a year and a half after going public... ⭐️ Anyhow, the partnership between Bloomingdale’s and Rebag: ✔️ highlights a growing trend among major retailers to incorporate secondhand luxury goods into their offerings ✔️ reflects the changing consumer preferences ✔️ highlights the increasing importance of sustainability in the fashion industry ➡️ Do you think it's the new normal for retailers to offer pre-owned items and allow customers to (re)sell their own pre-loved pieces? 💬 #innovation #fashion #retail #secondhand #circulareconomy #sustainability

Last year, I wrote an article about TELFAR's dynamic pricing model. This year, Yaysay adopted a similar pricing model but the price *dropped* with every second that passed. The T-Lock Leather Clutch from Toteme retails at $990 and sold for $574, while the Medium LouLou Bag from YSL retails at $3.2k and sold for $1.5k! That’s a 42% and 53% discount, respectively, on brand-new luxury handbags. Can it get any better?? THIS is the type of innovation that I believe the retail industry is somewhat deficient of. Real-time demand + real-time data = winning strategy. I look forward to seeing more brands follow this precedent! #ToTheFutureofFashion

With many own brand goods manufacturers reporting increased profits (for example, see the news on McBride's this morning: https://lnkd.in/eKu_SnSg) it shouldn't come as any surprise that interest in own brand products is increasing. Liberty's are well-known for their London department store and their signature prints. Last year they launched their own label perfumes which have proved to be a hit. The management team are betting on their beauty brand, LBTY, to fuel growth for the wider group, with the expectation that sales of beauty products will outperform fashion sales in the current economic climate. Adil Mehboob-Khan, CEO, has also suggested that this growth could fuel new bricks and mortar stores, which would stock only Liberty-branded products. Whether that happens, only time will tell... #consumer #retail #turnaround

Kalyan Jewellers, a stalwart in India's jewelry landscape, received prestigious honors at the Retail Jeweller MD and CEO Awards. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness

One virtual event, JOOR, offers access to the globe's four most significant Fashion Weeks. JOOR introduces "Joor x Fashion Month," a digital wholesale platform, enabling retailers to effortlessly access and explore collections from #NewYork, #London, #Milan, and #Paris Fashion Weeks in one virtual event. This streamlined experience aims to meet the coveted aspiration of retailers, simplifying the ordering process and providing exclusive access to the world's top Fashion Weeks with just a click. This innovative service facilitates virtual connections between buyers and brands during fashion fairs. From emerging designers to global fashion powerhouses, JOOR's market-leading platform transforms your wholesale operations to drive business growth. The platform features prominent brands such as Prabal Gurung, LLC, Proenza Schouler, KHAITE, Tory Burch, Thom Browne, Inc., DAVID KOMA LONDON, Simone Rocha, JW Anderson, ERDEM, Holzweiler, Blumarine ec, JIL SANDER, MSGM, Missoni, Diesel, Isabel Marant, Stella McCartney, Issey Miyake, Loewe, and Victoria Beckham. "Bringing together the world's four most influential fashion weeks into one #virtual event underscores the ease and significance of #digital #wholesale, as we continue to enhance the #B2B experience and facilitate a transparent purchasing process for our extensive network of leading global retailers," remarked Kristin Savilia, CEO of JOOR, who collaborates with renowned establishments such as Harrods, Neiman Marcus Group, Harvey Nichols, Printemps, Bergdorf Goodman, Shopbop, and DOVER STREET MARKET (INTERNATIONAL) LIMITED. Read more from one of the world's best information sites for #fashion, #luxury, and #beauty professionals: Fashion Network 👏