Skechers shoe patent dispute with Eliya: You be the judge
Design patents can be a useful tool for luxury goods and fashion designers to protect their creative designs, but only if the requirements and limitations are understood.
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Real estate in declining markets still the priciest: Redfin
Expensive West Coast markets saw double-digit declines in home sales this March, despite home sales increasing a modest 2 percent year-over-year.
Retail apocalypse continues: 75,000 US stores to be forced to close by 2026
An analysis from Swiss investment bank UBS finds that with each 1 percent increase in online penetration, some 8,000 to 8,500 stores will need to close.
Leverage branded cryptocurrencies to increase customer loyalty and drive revenue
With online sales racking up nearly $505 billion in 2018, and that number projected to skyrocket beyond $700 billion within five years, the ecommerce potential of cryptocurrencies and blockchain is massive.
Sustainability influencing today’s experience-first luxury business
With global luxury sales on the rise, sustainability is also shaping the business in more meaningful ways.
Power of virtual influencers
There are already digital startups working on creating an entire fleet of virtual influencers complete with individual personas, preferences and dislikes, virtual lives and life events for drama.
Consumers go online to find word-of-mouth recommendations
Today’s omnichannel consumers are craving more human elements in their shopping journeys, drawing them to user-generated content and personalized experiences.
Gucci-sponsored exhibit puts lens on post-war personalities
Italian fashion label Gucci is taking consumers on a tour of its home country in the 1950s and ’60s through the sponsorship of an exhibit on photographer Paolo di Paolo.
Shangri-La Hotels shows support for victims, guests following attack
Shangri-La Hotel, Colombo in Sri Lanka is offering support to guests and local authorities in the aftermath of bombings on April 21.
Price points, trustworthiness important elements of sustainable retail’s future
While sustainable products and services lean towards a luxury price point, the real change will have to come from a more accessible financial level, as consumers claim affordability is the number one obstacle for embracing ethical goods.