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WEALTHY SHOPPERS
Warren Buffett's framework for finding businesses to invest : The ‘Shiftless Nephew test’Warren Buffett once revealed a brutally simple test for separating great businesses from merely good ones: Could you put a lazy, not-too-sm...- Chanel for Chandigarh, Mango for Mangaluru: India’s luxury map shifts beyond metrosIndia's retail landscape is shifting as smaller Tier-2 cities are now attracting global brands and premium malls, outperforming larger metr...
- A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...
- Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
- Quince raises $500 million at $10.1 billion valuationConsumer technology platform Quince said on Wednesday it has raised $500 million in a Series E funding round at a post-money valuation ...
- US holiday shoppers shake off economic blues for online spending spreeU.S. consumers spent $23.6 billion online during the three-day Thanksgiving weekend, exceeding expectations and kicking off the holiday sea...
- Insiders only: How the ultra-wealthy shopLuxury for the ultra-rich now emphasizes exclusivity and personalized experiences. Brands offer private shopping lounges, specialized bouti...
- European shares set for eighth weekly gain; Hermes jumps after strong earningsEuropean shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robus...
- Shoppers Stop plans large-format standalone outlets, will also house Aditya Birla Group’s The CollectiveShoppers Stop declined to comment. Since its inception over three decades ago, Shoppers Stop has been mostly selling merchandise for the ma...
- Hermes sales beat expectations, defying luxury sector gloomAnalysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month sh...
- European shares fall on earnings jitters, Credit Suisse slides on U.S. probe reportCredit Suisse dropped 3.6% after Bloomberg reported the U.S. Justice Department is investigating whether the Swiss lender continued helping...
- China’s insatiable demand for luxury goods gets own cargo routeThe luxury goods market in China grew 48% last year as Covid-related travel disruptions boosted domestic spending. The consultancy expects ...
- China gears up for world's largest online shopping festivalThe shopping festival, which is the world's largest and falls on November 11 every year, is an annual extravaganza where China's e-commerce...
- Wealthy shoppers buy less, but better: Hermes becomes the most-preferred, chic choice for luxury purchasesConsumers want tried and tested styles like a Hermes Birkin bag or a Moncler puffer jacket.
- Move over DINKS, India has now got a new class of 'super consumers'This new class is 13-million strong. Marketers have begun calling them 'super consumers'.
- Sail the Persian Gulf, shop for spices, gold and more on your next MICE tripDubai’s architectural, cultural and maritime heritage is showcased at the Heritage and Diving Village, with displays related to pearl divin...
- Luxury labels now delivered at doorstep!With emergence of online shopping portals catering exclusively to high-end brands, consumers in India seem to have found their luxury fashi...
- Jack Barclay Bentley woo Chinese to London as Russians pack for home“A quintessentially English dealership could be quite intimidating” for Chinese buyers, said Chris Harris, marketing director for luxury au...
- Rafael Nadal's shoemaker Corthay benefits from being smallAs big-name luxury brands struggle to expand their reach, the shoemaker to tennis champ Rafael Nadal says it's benefiting from being small.
- Wal-Mart’s Nov sales show is the worst in a decadeWal-Mart Stores, the world’s largest retailer, said US same-store sales fell 0.1% in November, the worst performance in more than 10 years,...
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