Madaluxe Vaults Partners With World of

One of the biggest wholesale distributors in America, Madaluxe Vault sells luxury fashion products. An affiliate of Madaluxe Group, Madaluxe Vault gives back to society by partnering with World of Children, a non-profit organization, and investing to help children throughout the world.

World of Children was founded in 1998 and strives toward creating a better future for children in need across the globe. Since the organization was created, World of Children has provided more than 14 million dollars to children and their families in order to resolve health issues and ensure safety and education. It funds education programs so that children who don’t have a chance of attending school can start studying and learning as there are over 200 million children in the world that because of wars, poverty or natural disaster cannot have an education.

Many challenges that World of Children can overcome for children are lack of learning materials, classrooms or teachers, and distances from home to school. In this way, children can learn and become responsible and empowered adults that can break the cycle of poverty in their families and support communities in this matter.

Off-Price Luxury May Be the Future for Some Retailers

A division of the Madaluxe Group brand, Madaluxe Vault, owned by Adam Freede and Sandy Sholl, is a luxury retailer that sells handbags, timepieces, footwear, and sunglasses. As a viable business with both brick-and-mortar stores and an online presence, its management believes that longevity in the industry does not rely on short-term decisions focused on cash and sales increases, according to Madaluxe Vault CEO Freede.

For this reason, Madaluxe Group and others avoid discounting products, but when many retailers close shop, off-price retail seems like a viable option even in the luxury market. Off-price retailers are outlets that sell good quality products at a discount. These retailers typically experience stability during more difficult economic times because they are attractive to budget-friendly shoppers, even though some of the products are considered unwanted inventory. In a time of increasing store closures, though, off-price retail may be a good option for luxury retailers who want to avoid store closures.

A few luxury retailers believe that off-price retail does have a market. However, some in the luxury retail business make the point that off-price retail might not be for everyone. According to a March Forbes’ article, even with store closures, remaining a luxury retail outlet not only makes sense financially but also in terms of customer loyalty.

At one high-end store, for example, 40 percent of its sales come from customers who spend more than $10,000 or more at 43 of its stores, and in another instance, another store employing 100 employees generates $3 million dollars per employee. Ultimately, these figures translate into something that takes businesses years to build—brand loyalty.

 

MadaLuxe Establishes a Platform for Philanthropy

MadaLuxe Vault, with retail outlets in California and Arizona, sells luxury clothes, jewelry, and accessories such as eyewear and watches. A division of distributor MadaLuxe Group, MadaLuxe Vault also uses an e-commerce platform to reach online shoppers. In addition to establishing itself as a worldwide, recognizable brand, the brand’s founders Sandy Sholl and Adam Freede have helped established a platform for philanthropy. The two have committed to incorporating a company culture that promotes sustainability and advocates for the mental and physical well-being of children through monetary contributions and their own personal time.

World of Children and Tikva Children’s Home are just two of the organizations receiving assistance from the MadaLuxe Group. Since the organization’s launch in 1998, World of Children has spent more than $14 million dollars in impact programs that fund, educate, and elevate change makers for children globally. The Tikva Children’s Home rescues Jewish children living in Odessa, Ukraine, from poverty and living on the streets. Its overall mission is to improve the lives of the people living in the community through aid and educational assistance. 

Online Commerce Picks Up for MadaLuxe Luxury Brands

MadaLuxe Vault, of the successful MadaLuxe Group brand based in Los Angeles and New York City, is known for selling luxury clothes, accessories, and jewelry from some respected and well-known European designers. Founded by Sandy Sholl and Adam Freede, MadaLuxe Vault sells products at its stores in California and Arizona as well as online.

During these difficult times for many retailers, MadaLuxe Group reported 500 percent net sales growth spanning March through July. With much of the country operating virtually, the company’s customers have moved to its online platform to purchase clothing and accessories, with the group reporting a 150 percent jump in new users.

The business has seen marked sales increases since May as people have begun to settle into the routine of working at home. Sunglasses, optical frames and blue light lenses were the biggest drivers of growth, partly because some believe that glasses provide an extra layer of protection against COVID-19. In addition, blue light lenses are believed to reduce eye strain that results from people spending more time online at home.

Watches also saw increased sales. According to the company’s data, this peak might have to do with customers seeking luxury timepieces to wear while attending remote videoconferences and meetings.