pricing news and archive

UK shoppers spend close to 5 billion pounds on low-cost international shipping platforms

UK shoppers are spending approximately 4.7 billion pounds a year on ultra-low-cost international shopping platforms such as Shein, Temu, and AliExpress, causing retailers to face increasing competition from these global competitors, according to research from Barclays and Retail Economics. Close to half of all UK shoppers (49 percent) purchased...

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Luxury’s pricing plateau: Why shoppers are turning away from the big names

For years, the luxury sector has defied economic gravity, ratcheting up prices season after season as status-conscious consumers eagerly pursued the logo-laden dream. But now, with Chanel flap bags surpassing the 11,000 euro threshold and Bottega Veneta’s once-2,450 euro Cabat bag now listed at 6,800 euros, according to Collector Square, the...