Luxury Daily, April 20, 2017 – Luxury department stores may become obsolete with younger generations
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| | Retail Luxury department stores may become obsolete with younger generations | Research is showing that Gen Z and millennials are uninterested in shopping at luxury department stores, a trend that will become increasingly problematic for high-end retailers as the demographic ages. Entire
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Media/publishing Subscribe now: $12 for 12 weeks | Never miss a luxury moment. Access the latest luxury business news and analysis. Check the $12 for 12 weeks offer and get 22 percent off the annual subscription price. Entire
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Apparel and accessories Ferragamo goes orange for Earth Day | Italian fashion house Salvatore Ferragamo is demonstrating its dedication to sustainability with the first apparel collection created from fabric derived from citrus fruits. Entire
article | Marketing Register now for Luxury Roundtable: Engaging Gens X, Y & Z May 3 | Agenda totally updated. Find out how Lamborghini and Crystal are wooing Gens X, Y and Z. Daylong event offers in-depth insights, research and analysis from luxury experts on younger affluents who emphasize experience over acquisition, digital over physical, and choice versus loyalty. Speaker list, agenda and registration link in article. Entire
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Jewelry Chaumet highlights guests, designs in Chaumet World interview series | After debuting new collections at a Beijing event, French jeweler Chaumet has released a series of videos interviewing high-profile guests about their feelings toward the brand and its newly revealed pieces. Entire
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Retail Consumers desire loyalty programs and luxury brands can help: report | Mobile loyalty programs have been taking off with 64 percent of brands reporting an increase in loyalty membership over the past year. Entire
article | Automotive Audi looks to breakthrough electric vehicles with new concept design | German automaker Audi is looking to make a big impact in the electric vehicle community, releasing its design and accompanying campaign years ahead of production for its versatile concept model. Entire
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News briefs Le Bon Marché, Tiffany & Co., Harrods Bank, Belstaff, Kering and Gucci – Live news | Luxury Daily's live news from April 19 - Le Bon Marché Rive Gauche imagines an urban jungle for summer; Tiffany pushes creative boundaries for nature-themed high-jewelry collection; Harrods Bank sale likely after losses; Belstaff strengthens Japanese retail presence with Ginza Six opening; Kering’s 2017 Women in Motion talks are ode to female film contributions; Gucci wins $9M in damages, control of 89 counterfeit domains names. Entire
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News briefs Luxury cruise ships, Givenchy, political statements and Burberry – News briefs | Today in luxury marketing - State-of-the-art beauty treatments aboard Asia's first luxury cruise; Givenchy launches children's wear; Wearing your politics on your sleeve; Burberry hit by US slowdown ahead of executive reshuffle. Entire
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Retail Travel retail versus grey market: Luxury’s global challenges | In recent years, two closely related yet competing global trends are on the rise and weighing on luxury brands. Entire
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