MEXICO CITY, Mexico – Consumers only shop with one or two favorite brands per category, turning to them for familiarity and ease, said an executive from MasterCard Advisors May 13 at the FT Business of Luxury Summit.
Luxury industry insiders appear to be less optimistic about the state of their business, according to a new report by Wealth-X.
The Peninsula Hotels revamped its Web site with a cleaner look that consolidates information and emphasizes visual content.
U.S. fashion label Tom Ford has added another direct-operated store to its 98 retail locations in the form of a new ecommerce feature on its Web site.
London department store Harrods is Luxury Daily’s 2013 Retailer of the Year for its exuberant in-store events, eclectic collaborations and its ever-present attitude on social media.
Advertisers including Chanel, Hermès, Ermenegildo Zegna, Salvatore Ferragamo, Burberry and Rolex helped Modern Luxury’s Manhattan magazine boost its revenue. It is claimed that so far in 2012, Manhattan is already 105 percent ahead of 2011’s total revenue.
Today in luxury marketing – Behind the new Lanvin campaign; The new CEO: What it takes in today’s world; Cadillac ATS a choice contender in small luxury car market; Pierre Denis, former Galliano manager, is now Jimmy Choo’s CEO.
