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RobertE July 31, 2010

What is the biggest name in luxury retail today (from jewelry to clothing)?

With all the changes that occur in retail, I was wondering if Bloomingdale's is still on top in jewelry retail?

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GreggO August 4, 2010

According to a survey done by the Luxury Institute, the number 1 luxury brand among affluent American clothing and jewelry consumers is Bergdorf Goodman. The consumers that participated in the survey make no less than 300,000 USD a year and are worth around 3M USD so it's probably pretty safe to say that these people know their luxury clothing and jewelry items. Some of the other leading retailers that were in the running include top names like Neiman Marcus (the parent company of Bergdorf Goodman), Nordstrom, Barneys, Bloomingdale's Brooks Brothers, and Saks Fifth Avenue. Regarding online jewelry and clothing retailers, Vivre made a really strong impression as well. In fact, the ever-growing nature of the online retail industry has changed the turnout of the ultimate rankings. Vivre has surpassed the scores of every other online retailer offering luxury jewelry and clothing products by a landslide. So even though it seems that names like Bloomingdale's and Saks Fifth Avenue are bigger than the name Vivre, this online retailer is leading the pack when it comes to jewelry and clothing sales. Basically, the surveys reveal that affluent consumers are searching for brands they can trust, convenient access and availability, as well as secure websites. It looks like the offline department and jewelry stores should be watching their backs, an online retail revolution is on the rise! And when you think about it, why not? I mean you've got to admit that with online jewelry stores you can't beat the convenience. A consumer can spend hours on end browsing for jewelry online until they find just the right item – no hassle from salespeople, no rush, and it's all done out of the comfort of your own home. Not to mention the excellent customer support, all the jewelry educational information offered online, a much wider selection of jewelry… No wonder the online jewelry industry is booming!

 
 

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