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Luxury retail is being revised 鈥?and in some cases, reinvented 鈥斅燼nd those trends are worth attention as the 2019 holiday shopping season approaches.One of the latest, ongoing trends is the rise of online luxury resale commerce. Indeed, in its recent U.S. initial public offering IPO , eCommerce luxury reseller聽The RealReal Inc.聽has notched $300 million. The company has raised a total of $288 million in funding from venture capital and private equity back
stanley quencher ers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan.Not only that, but the luxury online consignment retailer聽opened聽a brick-and-mortar store on New York Citys famed Madison Avenue. Its new stor
stanley thermos e offers a mix of womens ready-to-wear items, along with jewelry, fine watches, home decor and art pieces.Barneys WoesThats not to say brick-and-mortar is doing well in all areas of the luxury retail world. With a liquidity crunch brought on by a rise in rent at its flagship store in New York City,聽Barneys New York聽is reportedly preparing for a bankruptcy filing. Rent at the retailers Madison Avenue flagship increased to roughly $30 million in January from approximately $16 million. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.Barneys New York dates back to the 1920s at the time that Barney Pressman opened the doors to a clothing shop on Seventh Avenue and 17th S
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Global payments tech firm BlueSnap announced the expansion of its international coverage to include local processing capabilities throughout the U.S., Canada, the EU and LATAM. The updated Powered Buy Platform will support integration through a single API, one
stanley termoska merchant account and one underwriting process.The latest additions to the Powered Buy Platform will connect merchants to more than 20 acquiring banking relationships globally and also enable them to sell around the world. We have worked hard to build the most robust global payments platform for eCommerce merchants to convert more shoppers to buyers, Ralph Dangelmaier, CEO of BlueSnap, said in a statement. We see a big opportunity to leverage our global processing network to solve business needs for traditional eCommerce checkout, B2B invoice payments and emerging Marketplace models. Enhancements to the Powered Buy Platform include functionality that powers Online Checkout, Invoice Payments and Marketplace functionality; support of a range of alternative payments; and digital wallets for merchants. S
stanley kubek ince we hav
stanley cup e implemented BlueSnap, weve seen an increase in our online sales by about 35 percent. Basically, the new BlueSnap checkout experience had a direct and immediate impact on our sales growth, Melissa Malone, COO of Parapharma Tech, explained.Just months ago, BlueSnap joined forces with Visa to lessen friction at the checkout point.Visa Checkout is now available through the enterprises Powered Buy Platform. That in
