- No categories
Taking advantage of hot demand for certain products, the smartest luxury retailers analyzed pricing, inventory and demand trends to stay ahead of the market, confirming the consumer’s willingness to pay full price.
As we move into 2022, you can expect to hear more about the metaverse and its potential impact on the business world.
With the ecommerce influx of the past year-and-a-half, it became infinitely clear that the category, as a whole, must now become more acute at selling directly to the consumer and doing so online.
Shifts in the market have accelerated and luxury brands are transforming from makers of products to purpose-driven actors in the push for a more sustainable, diverse and equal society.
More than ever, brands are competing for the same client. One thing is crystal clear: establish a genuine connection with clients or risk becoming irrelevant.
The recent annual McKinsey & Co. report, The State of Fashion 2022, outlines major trends that the industry will face in 2021 and suggests strategies to deal with them.
Branding – once an exercise that involved plastic signs, billboards and newspaper print ads – has now firmly taken up residence in the world of bits, bytes, smartphones, wearables and, occasionally, a desktop computer.
Most ecommerce businesses rely heavily on advertising to draw customers to their Web sites and, in the case of retargeting, remind them of past visits or past purchase intentions.
The buying behavior of consumers has changed with the pandemic.
A growing number of young Indian consumers are now making more informed decisions. They show concern for society and environment while making product choices.
New regulations that aim to address financial disparity and personal privacy in China could have a major impact on international sales for luxury brands.
Attention spans and anxiety levels are being stretched, but the most basic and effective form of communication is also the most overlooked.
Gen Z is the youngest, most ethnically diverse and largest generation in American history. They make up 27 percent of our population.
Luxury businesses need to find ways to offer the same personalized experience found in physical stores, while catering to the growing demand for digital shopping options.
How can trademark law be used to control to whom and where luxury and fashion branded products are sold?
Early shoppers, a shortage of repair pros, in-store returns and logistical costs all loom.
With an absolute number of 56.1 million millionaires in a total population of 7.9 billion, the accumulation of wealth has never been higher.
Authentic goods, too, can turn into counterfeits as a matter of law, depending on how extensively they are altered.
The term “luxury” has always been difficult to define, especially as its essence is always changing.
Outside of traditional IP rights there are few paths that the originators of creative expressions can take to prevent the theft of their intellectual property, leaving them practically defenseless when confronted with such misuse.
For better or worse, scarcity and exclusivity are founding values of the luxury goods industry — values that have made most luxury brands extremely slow to adapt to digital world in which things are easily replicated.
