Where the ultra-wealthy spend: New York, city homes and Hermès handbags
Luxury real estate buyers are spending their money in cities as opposed to second-home markets in the shadow of an expected global slowdown.
Luxury real estate buyers are spending their money in cities as opposed to second-home markets in the shadow of an expected global slowdown.
Email and search are the most effective digital marketing channels in driving visits to an ecommerce store, but social media is far less effective, suggesting luxury retailers should consider classic forms of online communication.
Online advertising will account for more than half of a projected $660 billion in global ad spend for 2020, with Google parent Alphabet and Facebook combined taking 35 cents on the dollar.
The world today has 6,500 dollar billionaires, up 500 from last year.
Nothing in the business world stands still, and that includes the business of counterfeiting. Luxury goods and fashion companies must continuously evolve their anti-counterfeiting strategies to keep up.
Publishers have been forced to rethink their business models to find cost savings and make decisions on how best to win, serve and retain customers in this new age.
As the coronavirus outbreak continues to develop, now is the time for manufacturers to develop and execute an effective supply chain response plan to mitigate their risk and prepare for how they will address any interruption to either their operations or those of a critical supplier.
A day after Watches & Wonders Geneva said it was canceling its event, Baselworld followed suit with the Swiss government banning public gatherings of more than 1,000 people through March 15 as a precaution against the Covid-19 coronavirus outbreak.
Demand for platinum jewelry is on the rise in India as affluent Indian consumers seek more modern styles and more men seek out jewelry.
Even though the ongoing Covid-19 crisis has temporarily put a hold on the business of luxury in the Greater China region, executives from various Western luxury brands have expressed positive sentiment and strong confidence in restoring growth momentum in the near future.