Luxury Daily, January 25, 2018 – With Amazon Go’s popularity, luxury must determine the cashierless model’s relevance

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January 25, 2018

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Retail

With Amazon Go’s popularity, luxury must determine the cashierless model’s relevance

The long-awaited Amazon Go retail store has finally opened and there has been immense praise for its cashierless model, but is the concept one that can be emulated by luxury?

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Financial services

Global HNWIs migrating away from UK in favor of US, Australia FREE

The United Kingdom has traditionally been one of the most-desirable destinations for the world’s wealthiest people, but in 2017 the country experienced a larger outflow of high-net-worth individuals than inflow for the first time.

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Retail

What brands can learn from successful strategies in China

Digital campaigns in China are juggernauts for driving brand sales due to the country’s technological advancements, which have resulted in it being the largest ecommerce market worldwide.

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Jewelry

Tiffany & Co. professes undying love with interactive tattoos

U.S. jeweler Tiffany & Co. is taking on an edgier image for its Valentine’s Day marketing, paralleling everlasting love with the permanency of tattoos.

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Travel and hospitality

Four Seasons follows consumer interest, invests further into residencies, new markets

In line with the overall forward momentum in the hospitality industry, Four Seasons Hotels and Resorts is ramping up its expansion strategy via new property openings in popular and emerging tourist destinations.

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Marketing

Luxury Daily releases new 40-page State of Luxury 2018 report polling industry insiders FREE

The rise of the digital economy simultaneously poses the biggest challenge and growth opportunity to the luxury business, according to the newly released “State of Luxury 2018: The Insider View” report from Luxury Daily and Unity Marketing that surveyed 599 decision-making luxury industry insiders. More details in article on how to buy or get the report free with a new annual subscription.

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Strategy

Subscribe now: $12 for 12 weeks FREE

Never miss a luxury moment. Access the latest luxury business news and analysis, marketing and retail campaigns, features, special reports and live coverage during business hours. Check the $12 for 12 weeks offer for 22 percent off the annual subscription price.

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News briefs

Balmain, Pomellato, Pernod Ricard, Phillips, Shiseido and recalls – Live news

Luxury Daily's live news from Jan. 24 - Balmain honors house history via couture collection; Pomellato taps Chiara Ferragni as ambassador; Pernod Ricard champions responsible drinking through student outreach; Phillips appoints Cathy Elkies chief marketing and business development officer; Shiseido creates space for brand hospitality in remodeled flagship; Luxury brands are not immune to recall repercussions.

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News briefs

Tod’s, watches, JD.com and private jets – News briefs

Today in luxury - Italy's Tod's sees benefits from new management starting in H2; Luxury watchmakers gear up for online square-off; JD.com says Chinese companies finding it harder to enter US; Taking a private jet could be more affordable than you think.

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Research

Top 10 global consumer trends for 2018

Market researcher Euromonitor International revealed the Top 10 global consumer trends for 2018. Some trends may turn into entrenched consumer behavior, affecting the relationship between brands and consumers.

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