Luxury Daily, May 26, 2021 – The new luxury consumer is young, female: report

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May 26, 2021

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Marketing The new luxury consumer is young, female: report
As vaccines continue to roll out globally, retailers predict a rebirth driven by pent-up shopping demand and customers’ desires for new store experiences. Entire article

Retail Selfridges reflects on racial inequality, aims to drive diversity
British department store chain Selfridges has invited its team members to share their thoughts on how the company has changed its business since the murder of George Floyd, and subsequent racial reckoning, one year ago. Entire article

Marketing

Registration open for Women in Luxury 2021 eConference June 2 FREE

Register now for Luxury Daily's fourth annual Women in Luxury eConference Wednesday, June 2. Speakers include senior executives from Louis Vuitton, Saks Fifth Avenue, Apple, Moët Hennessy, Farfetch, Bal Harbour Shops, Wheels Up, Mandarin Oriental, Cosabella, Artsy, Modern Mirror, Beverly Hills Conference & Visitors Bureau, SelfSells, Coresight, McCann Worldgroup, Architectural Digest, Black Interior Designers Network and the Sedhom Law Group. Entire article

Apparel and accessories Versace invites consumers on summer vacation in cheeky new spot FREE
Italian fashion house Versace is illustrating the ultimate Italian vacation in a new campaign promoting the La Vacanza collection. Entire article

Webinars Free webinar June 29: Can Tech Help Luxury Consumers Make Ethical Choices? FREE
Register now for this free webinar Tuesday, June 29 at noon to 1 p.m. ET (New York time) where Italian fashion brand Save the Duck along with others will discuss how technology is helping its consumers make ethical buying decisions in an apparel industry that is struggling with sustainability and transparency issues. Join us! Entire article

Retail 66pc of consumers believe economy will return to normal by winter
While many consumers acknowledge vaccine progress and overall condition improvement in the wake of the COVID-19 pandemic, many still anticipate that it will take time to reach a sense of normalcy. Entire article

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 article

News briefs Fendi, Bentley, Porsche and David Yurman
Luxury Daily’s live news: Fendi celebrates summer in Miami with pop-up experiences; Bentley gives Bentayga a sporty update; Porsche extends limited remote work policy post-COVID; David Yurman salutes New York icon with new collection. Entire article

Retail Bernard Arnault is now the world’s richest person. Thanks, China?
On May 24, Forbes named fashion tycoon Bernard Arnault the world’s richest person with an estimated net worth of $186.3 billion, beating out the Amazon founder by $300 million. Entire article

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