Luxury brands should be using the current shutdown time frame to be thinking about how they can redesign their physical spaces to make them more hygienic and safe to both consumers and employees.
While COVID-19 poses new challenges to Chinese companies operating in international markets, it certainly will not diminish their desire to go global.
The impact of the COVID-19 coronavirus outbreak and resultant lockdowns on the luxury business was the nub of the discussion between The Luxury Item’s Scott Kerr and Mickey Alam Khan, editor in chief of Luxury Daily.
Luxury retailers that not only prepare for the safety of the workplace, but also prepare and re-skill the workforce will emerge with a team of high producers.
Five key wellness-oriented trends are predicted to impact the purchasing decisions of homebuyers in the time ahead.
Worldwide wealth and the wealthy population increased by more than 50 percent over the last decade and the number of global millionaires doubled between 2005 and 2019 to more than 25 million individuals. But the current crisis leaves the future uncertain.
Whatever the world looks like on the other side of this, it is not going to look like it did in January.
What do affluent consumers say financial advisers can do better to help them through the current crisis?
Luxury shopping behavior, channel dynamics and travel plans are seeing inevitable shifts as a result of the lockdown, all contributing to the pandemic’s monumental economic and emotional impact on the luxury market.
Ecommerce and mobile sales were up in France last year, as more French consumers are accessing the Internet and using the medium to order everything from apparel and footwear to bags and food.
