State of luxury commerce – Luxury Memo special report
Commerce is in a continual state of upheaval with shifting consumer behavior and values paired with rapidly evolving technology keeping luxury retailers on their toes.
Commerce is in a continual state of upheaval with shifting consumer behavior and values paired with rapidly evolving technology keeping luxury retailers on their toes.
Private financial wealth rose 5.3 percent in 2016 to $166.5 trillion, according to new research from Boston Consulting Group.
After the surprise election results in the United Kingdom that saw the Labour Party win far more seats than any anticipated and a hung parliament, British luxury is now trying to frantically decide how this new paradigm will affect the industry.
While luxury travel providers may be tempted to add as many bells and whistles to an experience as possible to impress guests, new research shows that by far the most important things for individuals seeking luxury travel are comfort and the ability to just relax.
French jeweler Cartier is inviting consumers up to the roof of its Fifth Avenue mansion to enjoy summer cocktails.
The ongoing diplomatic crisis between Qatar and several of its neighboring countries has not been resolved, and further blockades and tensions are beginning to drag countries from Europe into the mix as well.
Luxury fashion is worth $249 billion (€224 billion). Any way you cut the numbers, it makes a lucrative market for copycats and counterfeiters.
Italian ecommerce site Artemest is bringing its artisan wares offline through a London exhibit.
Overall donations to philanthropic efforts in China decreased this year by 45 percent, suggesting that wealthy Chinese customers may be feeling a bit more reticent with their cash.
The real problem in the United States luxury market currently is that luxury brands are simply out of touch with the evolving mindset and values of the American affluent consumers.