Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
As part of the bankruptcy petition, Saks wants to exit the partnership with Amazon as the ecommerce giant pushes back and states that its “equity investment is now presumptively worthless” in court filings.
New data from the online retailer shows a strong preference for repeat wear and long-term value, with nearly half of consumers surveyed viewing their fashion buys as financial investments.
The nonprofit is sharing resources amid a transition to higher standards, including a new, global policy requiring third-party verification of all assessments and recertifications, active as of Feb. 1.