Chatbots are the new HR managers
A chatbot can maintain regular, proactive contact with each employee throughout the year to detect any issues that need to be escalated for human engagement.
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Favorable political conditions boost US affluents’ economic confidence
The majority of wealthy investors in the United States feel that the climate is ripe for opportunity and would be willing to invest in new businesses, according to a report from UBS.
Wealthy owners’ passion for London supports $6K per-square-foot price
A new report from Coldwell Banker shows London, New York, Tokyo, Sydney and Paris are the top cities of choice for affluent homebuyers.
US tax reform prompts wealthy home buyers to leave high-tax states
The tax reform bill passed by Congress late last year is poised to have an effect on the country’s luxury real estate industry as buyers consider moving across state lines to deal with tax rate changes.
Gucci is leaving Louis Vuitton in the dust online
By last year’s end, Gucci greatly surpassed Louis Vuitton in online traffic, its next closest competitor in the online luxury space. And while Web site traffic does not necessarily translate into sales conversion, it certainly points to that.
Chanel becomes sole sponsor of Grand Palais restoration
French couture house Chanel is showing its commitment to the Grand Palais by serving as the exclusive sponsor of the exhibition complex’s restoration.
Burberry shows support for LGBTQ+ communities via designs, donations
British fashion house Burberry’s Christopher Bailey is dedicating his final runway collection for the brand to organizations that provide outreach for LGBTQ+ individuals.
Fashion lags behind other sectors in omnichannel development: L2
Omnichannel has been one of the dominant goals in retail, and a new report from L2 shows how some of the top retailers in the space are attracting and engaging with customers.
Affluents aim for more time, less clutter: YouGov
Affluent consumers are seeking to simplify their lives, with more than half of respondents in a YouGov study saying they are looking to buy less and declutter.
Online shopping continues its steady climb, but in-store interest remains
Bricks-and-mortar may still be the top sales vessel for luxury brands, but affluent consumers are spending more money online now than ever before.