Seven percent of personal luxury goods sales are made via ecommerce today, but online retail will represent 12 percent of the luxury market by 2020, according to projections from BCG.
U.S. fashion label Michael Kors is using film photography to capture the creativity of the fashion industry with the launch of a branded instant camera.
Hilton-owned Waldorf Astoria Hotels & Resorts is climbing the ranks in terms of international brand awareness, despite consumers spending less time traveling, according to the Luxury Institute.
Lending more credence to the undeniable correlation between in-store visits and mobile purchases, new research from xAd reveals that two out of three U.S. consumers venture into bricks-and-mortar locations to supplement product research undertaken on smartphones.
While more women are entering senior and decision-making ranks at luxury marketers, more work needs to be done to attract them to key marketing, retail, media and digital positions in an industry that has shown its resilience in good times and bad.
Luxury Daily's live news from Sept. 21 - Hublot hosts luxury tailgate to celebrate New York Giants partnership; Ralph Lauren to pen memoir ahead of 50-year anniversary; The RealReal launches hassle-free home decor consignment service; One-third of Kering’s Empower Talents interns have won full-time positions.
Today in luxury marketing - Paris Mint teams up with Van Cleef & Arpels; Italian brands expect some Brexit benefits; United Arab Emirates relaxes visa restrictions to get Chinese shoppers past the airport; Apple in talks with luxury carmaker McLaren.
The department store brand is reinventing the experience for the luxury market. It has recognized that it will either have to disrupt its business or the business will be disrupted by all of the other options out there.
