Diamond industry likely to follow strong 2017 with further growth
The global diamond industry experienced a strong 2017, with 2 percent growth across all industry sectors propelled by a dramatic increase in production.
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Inviting opinion pieces on luxury issues, marketing, retail and media
Luxury Daily is inviting opinion pieces on luxury business, advertising, marketing, media and retail issues that affect marketers as they run multichannel programs for branding as well as customer acquisition, retention and reactivation.
Time for luxury to adopt blockchain
Counterfeits are the biggest pain point for any luxury sector. Per the Global Brand Counterfeiting Report 2018, counterfeits cost the luxury industry $30.3 billion in lost online sales in 2017.
Fashion labels failing to adequately combat forced labor: report
While fashion companies are making moves to support the vulnerable workers in their supply chains, a new report argues that there is still significant room for improvement.
New York’s Madison Avenue eyes post-90s generation Chinese business
Do luxury brands really know the Chinese customer, or do they simply view them as walking dollar signs? The numbers are eye-popping, with Chinese accounting for 32 percent of the $319.6 billion spent on luxury goods worldwide and only 10 percent of those sales occurring in China.
Ralph Lauren upcoming honor pushed back due to protests
U.S. fashion label Ralph Lauren is seeing the pitfalls of a tumultuous political climate in France, as a ceremony for its founder is bring pushed back.
Luxury brands need to capitalize on growth in men’s makeup
Luxury cosmetics labels are beginning to pay more attention to male consumers, as sales of men’s grooming products continue to grow.
Luxury home price growth continues to slow: Redfin
The growth rate for luxury homes in the United States continues to slow, as the most expensive homes reached an average price of $1.7 million in the third quarter.
Dolce&Gabbana’s recent China scandal: Customers wear your brand values
Marketers should understand that an entire generation of enlightened consumers operates with a philosophy that every brand they use, wear and consume reflects on their own personal brand.
Luxury fashion needs to balance fun with values
NEW YORK – Luxury apparel and accessories brands are finding new methods of engagement that balance their traditions with the changing priorities of luxury shoppers.