| | Retail US department stores, in survival mode, offer deep discounts to boost online sales | U.S. department store chains are hungry for revenue, offering consumers tantalizing online discounts to keep the lights on in an extremely dark period as government-mandated COVID-19 lockdowns threaten the stability of an already perilous business model. Entire
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Women in Luxury Women in Luxury 2020 New York conference moved to Wednesday, July 8 FREE | Register now for Luxury Daily's fourth annual Women in Luxury conference Wednesday, July 8 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH's Starboard Cruise Services. Entire
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Research Consumers spending less on luxury, fearing job losses and economic uncertainty: report | While there will likely be an initial impact on the luxury market due to the COVID-19 lockdowns, a new report from Astound Commerce suggests that it will bounce back like it did after the downturn of 2008-09. Entire
article | Apparel and accessories Why luxury’s future is tied to the health of the planet | The luxury business has faced Brexit, political turmoil, environmental crises and now COVID-19. What does it take to protect and future-proof businesses against unforeseeable global uncertainty? Entire
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Retail A timeline for market recovery | By looking at how the consumer in China has emerged from this crisis, and what Chinese companies have done to best position themselves following the crisis, Western businesses can begin to plan for what happens when other markets begin to emerge from the devastating effects of COVID-19. Entire
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Strategy Subscribe now: Full access to 90,000+ articles, reports, videos and images FREE | We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world's leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies. Entire
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News briefs La Perla, Bentley, Asprey, NRF and Estée Lauder | Luxury Daily's live news: La Perla to donate 10pc of all ecommerce sales to WHO COVID-19 relief; Bentley gives warm video sendoff to departing Mulsanne flagship; UK silversmith Asprey steps up with 167 pendant’s profit going to National Emergency Trust; Store closures cleave retail into haves and have-nots as March revenue drop is worst on record; US cosmetics giant Estée Lauder Cos. imposes pay cuts on top brass, trims advertising and promo spending. Entire
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Marketing Below-the-line marketing may be key to new brand experience | As the opt-in nature of marketing continues to increase, brands will need to offer the consumer more reasons to interact with them. Entire
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