This third annual State of Luxury: The Insider View report by Luxury Daily and Unity Marketing surveys 600-plus luxury insiders on their reasons for optimism and caution in 2019. Buy the 44-page exclusive research to arm yourself with invaluable intelligence, or get it free with an annual subscription to Luxury Daily.
Financing buying habits, especially with the millennials, is becoming a key issue for both bricks-and-mortar retail and ecommerce.
When it comes to mergers and acquisitions in the luxury business, many companies are consolidating and expanding into new markets and sectors to better cater to diversifying interests.
The millennial High-Earners-Not-Rich-Yet (HENRY) consumers are the next-generation customers that every luxury brand manager, marketer and retail executive needs to know and know well. Here is an excerpt from the latest treatise on them: Pamela N. Danziger’s new book, “Meet the HENRYs: The Millennials that Matter Most for Luxury Brands.”
Online retail group Farfetch is kicking off the second edition of its Dream Assembly startup accelerator program, with help from British fashion labels Stella McCartney and Burberry.
In honor of Lunar New Year, New York’s Madison Avenue Business Improvement District is gifting consumers with the help of luxury brand partners.
Millionaires only represent about 13 percent of the United States population, but this affluent segment wields both significant buying power and influence.
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.
With millennials as the core luxury demographic that most strongly associates with sustainability, luxury brands are stepping up their efforts in that area. India is the next geographic frontier.
High-fashion magazine L’Officiel is establishing a new program to foster growth within the nonprofit sector of its brand partners.
