According to Google, the majority of consumers within the luxury market performs their product and services research online. At the same time, these buyers tend to make their purchases in bricks-and-mortar stores.
The increasing gaps in consumers’ incomes and spending power is driving a divide in retail, boosting both premium and value-driven stores as more balanced retailers struggle.
As luxury becomes more accessible to the mass market, affluent consumers are becoming more discriminative with their travel choices.
Initiatives in Art and Culture will debut the 8th Annual International Gold Conference April 12-13 in New York, featuring leading figures in jewelry, mining, technology and government.
China has now surpassed the United States as the leading source of watch Web site traffic, but a new study finds that luxury brands have not prepared.
NEW YORK – Despite massive growth in China and from Chinese buyers, the United States is the biggest driver of wealth creation in the world right now, according to research from Knight Frank and Douglas Elliman.
There were a few clear themes that continued to bubble up in conversations, lectures and events during my time at the World Economic Forum in Davos, Switzerland.
LVMH is the most attractive employer among the France workforce, while Amazon takes the top spot for U.S. workers, according to data released by LinkedIn.
Register now for the 2nd annual Women in Luxury conference New York Wednesday, May 9. Speakers include senior execs from Chanel, Apple, UBS, Bally, BMW, Richemont’s Piaget, Tiffany, Kering’s Ponant, Dodo, Pomellato and Boucheron brands, Estée Lauder, John Hardy, Links of London and Folli Follie, Boston Consulting Group, Assouline, Wavemaker, Shanker Inc., BPCM, Michael Aram, Quintessentially, Luxury Institute, Luxury Marketing Council and Centaur Media. Limited seating.
Apple, Amazon, BMW and Nordstrom are among the top-ranked brands for brand intimacy with affluent consumers, according to MBLM’s Brand Intimacy Report.
