Remove tag luxury sales
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Authenticating Luxury Goods, Remotely And Reliably

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There is no shortage of online marketplaces for consumers seeking luxury goods, slightly used. This, of course, creates an opening for those selling fraudulent designer goods with a lower price tag – think sunglasses and other smaller accessories – to sneak onto a trusted platform. trillion by the end of 2020.

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Mastercard Teams Up With Fred Segal Sunset And MADE

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Luxury brands are especially susceptible, with $30.3 billion in counterfeit online sales. There will be exclusive Rodarte pieces at Fred Segal Sunset, and customers will be able to scan a QR code on a garment’s tag to trace the product’s journey. They will also be able to scan when a package arrives with the item.

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Are Online Resale Sites Rife With Counterfeits?

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Counterfeiting is stereotypically the domain of luxury goods, where fraudsters dupe unsuspecting shoppers into buying fake handbags, accessories or beauty products. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales. Globally, the industry loses $30.3

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Mastercard Expanding Scan-To-Pay QR Program

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Masterpass QR, launched in 2016, already enables brick-and-mortar shoppers to pay for their purchases using their mobile phones rather than a plastic card: They can simply scan the QR code displayed at the merchant’s point of sale, or enter a text code if their phone doesn’t have a camera.

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H&M Tries To Prevent Resale Of Designer Items

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The retailer limited the sale of the collection, which sold out on H&M websites across Europe hours after its Thursday (Nov. H&M is trying to prevent the online resale of its collection created with Italian designer Giambattista Valli.

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‘Buy Now, Pay Later’ Combats COVID-19 With Payment Options

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point-of-sale (POS) form of lending that’s become a retail sensation around the world in recent years. This price tag is more than a four-year public college degree – which currently clocks in at $98,440, on average – and includes both gym memberships and fitness classes like Pilates or spin.

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Getting To The Core Of Apple’s (And Everyone Else’s) China Issue

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Consider the fact that Cook shone the spotlight, specifically, on iPhone sales tied to China, along with other hardware. Look back beyond the panic of December’s stock market and the initial panics of January (the month already feels like it’s been dragging on forever, doesn’t it?), and the signs have been there for a while.

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