Posts From King World News

Amazon is already pilfering the luxury market: report

Amazon.com As Amazon’s penetration into high-income households becomes increasingly apparent, luxury brands are going to need to find new ways to avoid losing to their online-only competition, according to a new report by Shullman Research Center. Through pricing, convenience and selection, Amazon has seen its popularity skyrocket over the past two decades, and data in the report shows that its popularity is positively correlated with household income. The report suggests

Brands procrastinate, pull through on back-to-school offers

Armani Junior Just as a teen who puts everything off to the last minute, brands and retailers are pushing late back-to-school sales, but the data is on their side. With the majority of back-to-school shopping now being done in late August and early September, a number of brands, including Armani, Burberry, Michael Kors, Versace and Oscar de la Renta, have recently sent out emails to consumers advertising kids clothes and sales.

Ashley Madison owner says site still adding users after data hack

Hundreds of thousands of people signed up for infidelity website Ashley Madison in the last week, parent company Avid Life Media said on Monday, even after hackers leaked data about millions of its clients. “Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated,” the company said in a statement. “Despite having our business and customers attacked, we are growing.” On Aug. 18, hackers who claimed to