| | Retail Firsthand, secondhand retail convergence grows as Nordstrom gets into resale | Department store chain Nordstrom is promoting circularity with a resale project that aims to give a second life to customer returns and donations. Entire
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Travel and hospitality Hospitality should make wellness more accessible, customized | NEW YORK – One of the biggest opportunities in the $639 billion wellness tourism industry is the incorporation of healthy practices into trips that are not taken primarily with well-being in mind. Entire
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Retail Tencent fuels $125M into Farfetch’s China growth, with another $125M from Dragoneer | Farfetch is now $250 million richer. The London-based luxury fashion online retailer announced yesterday that it has secured a $125 million investment from WeChat owner Tencent to accelerate its growth in China. The San Francisco-based investor Dragoneer has also agreed to put up another $125 million. Entire
article | Real estate Saks Fifth Avenue offers in-residence retail amenity to top New York residential development | Department store Saks Fifth Avenue has collaborated for the first time with a luxury residential development to offer exclusive perks, collection previews, personal shopping and consulting services to building residents. 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 Bremont, England Rugby, Zegna, Brioni and LVMH Prize | Luxury Daily's live news - British watchmaker Bremont signs up for five-year timekeeper sponsorship of England Rugby; Zegna goes back to Mahershala Ali to answer #WhatMakesAMan in spring summer 2020 campaign; Brioni, like Savile Row example, embarks on global trunk show tour; Moda Operandi cofounder Lauren Santo Domingo, model Gigi Hadid new judges for LVMH Prize for Young Fashion Designers. Entire
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News briefs Coronavirus, Tod’s, magazine drops and Aston Martin – News briefs | Today in luxury - Businesses suspend Chinese operations amid coronavirus fears; Tod’s 2019 sales down 2.6pc, Q4 showed improvements; Can drops bring print media back to life?; Aston Martin calls board meeting to decide on fundraising. Entire
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Retail Learning from the other side: Pier 1’s contraction: What is next? | Pier 1 is selling merchandise like a cost competitor, but spends like a luxury competitor – which is putting its net income in the negative. Entire
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