NEW YORK – A growing number of fashion companies are tackling sustainability issues head-on, as the industry continues to battle a reputation for being environmentally harmful. [Read More...]
What can luxury brands learn from DTC disruptors?
NEW YORK – As direct-to-consumer brands find success through honesty and consumer empowerment, more established companies can leverage similar strategies as they work to reach a new generation of affluents. [Read More...]
Loyalty programs should prioritize customer, not sales
NEW YORK – With the boom in luxury ecommerce and high-end direct-to-consumer brands encouraging more shoppers to experiment, retailers have a chance to rework their loyalty programs into more engaging experiences. [Read More...]
Luxury brands lower prices as China tries to stimulate economy
With cuts in China’s value-added tax now in effect, luxury brands are reportedly responding by lowering their prices as the government hopes to reinvigorate the world’s second-largest economy. [Read More...]
Luxury fitness leader looks to disrupt hotel industry
As the wellness industry continues to disrupt the hospitality business, luxury fitness company Equinox is debuting its own hotel brand. [Read More...]
Asian millionaires looking to spend on travel, hard luxury goods
As the population of high-net-worth individuals in Asia continues to climb, these affluents are changing their perspective on luxury consumption. [Read More...]
Instagram expands ad options for brands and influencers
Social media network Instagram is expanding brands’ advertising toolkits with an upcoming option that will allow companies to promote posts by celebrities and influencers. [Read More...]
Demand for secondhand Chanel rises after designer’s death
Following last week’s unexpected passing of Chanel creative director Karl Lagerfeld, interest and demand for the French fashion label has grown. [Read More...]
Changing consumers pushing luxury brands to innovate
The luxury business is not immune to disruptions, as emerging affluent consumers continue to embrace technology, social media and sustainability at rapid rates. [Read More...]
BMW, Daimler hint at transportation’s future with joint mobility company
German automakers BMW Group and Daimler AG are launching a new joint venture emphasizing mobility in an era during which younger, more urban affluents have evolving feelings about car ownership. [Read More...]
Gen Z favors personalized, flexible shopping experiences
While millennials and Generation Z consumers make more online clothing purchases than other age groups, they are still seeking flexibility from ecommerce platforms. [Read More...]
Cartier, Tiffany among most digitally savvy legacy jewelers
Luxury watchmakers and jewelers must continue to invest in digital marketing and ecommerce as the sector stagnates, leaving opportunities for upstart direct-to-consumer brands. [Read More...]
Carolina Herrera shares tips for “good girls” through interactive effort
U.S. fashion label Carolina Herrera is once again playing with the dynamics of femininity in an interactive campaign built around its Good Girl fragrance. [Read More...]
Italian brands contributing to revenues of French luxury groups: Mediobanca
Italy’s fashion sector is booming, but almost one-third of the country’s fashion sales are generated by brands owned by foreign shareholders. [Read More...]
Mercedes gives the keys to special first-time driver
German automaker Mercedes-Benz is hoping to inspire drivers by helping a one-of-a-kind car lover get behind the wheel for the first time. [Read More...]
Luxury brands spotlight artistic appreciation at Frieze Los Angeles
Contemporary art fair Frieze is descending on Los Angeles for the first time, helping expose galleries and luxury brands to West Coast affluents and art lovers. [Read More...]
Hadid copyright suit raises questions for luxury brands
As celebrities and influencers continue to face legal consequences over copyright infringement, luxury brands must be aware of the repercussions they could face due to improper sharing of intellectual property. [Read More...]
Luxury home prices climb as sales drop: Redfin
Although the average sales price for luxury homes in the United States rose nearly 5 percent in the fourth quarter of 2018, the sales of homes priced at $2 million and above fell year-over-year. [Read More...]
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