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Retail

Efficiency replaces expansion as luxury retail adapts to “new normal”

January 25, 2017

Image courtesy of Armarium; the future of luxury retail will focus on more efficient stores Image courtesy of Armarium; the future of luxury retail will focus on more efficient stores

 

By Sarah Jones

Despite China’s continued position as the top spender for luxury goods, brands should consider scaling back their store footprint in the market, according to a new report from Boston Consulting Group.

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  1. Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury
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  5. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  6. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  7. The future of successful luxury brand collaborations
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  9. Meta drops price on paid subscription tier in EU
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