According to Bain & Co., worldwide luxury sales online and in-store declined in 2016, due in large part to widespread physical store closures. However, online sales are on a positive trajectory, showing a double-digit increase from 2015 to 2016.
Luxury conglomerate Moët Hennessy Louis Vuitton has acquired a 60 percent stake in Colgin Cellars.
As ecommerce giant Amazon disrupts and challenges retail, marketing, merchandizing and distribution traditions, the luxury business across disparate sectors is not immune to heightened consumer expectations.
Tunisian-born fashion designer Azzedine Alaïa, founder of the eponymous Richemont-owned label, has died.
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As ecommerce giant Amazon disrupts and challenges retail, marketing, merchandizing and distribution traditions, the luxury business across disparate sectors is not immune to heightened consumer expectations.
Today in luxury – Tom Ford Beauty: On track to hit $1B, opening first store; Vacheron Constantin unveils affordable luxury with new Overseas Dual Time Zone watches; Saudi investors check out after hotel turned into luxury prison; Meet Dior’s new man who made Kendall Jenner walk on water.
As ecommerce giant Amazon disrupts and challenges retail, marketing, merchandizing and distribution traditions, the luxury business across disparate sectors is not immune to heightened consumer expectations.
As ecommerce giant Amazon disrupts and challenges retail, marketing, merchandizing and distribution traditions, the luxury business across disparate sectors is not immune to heightened consumer expectations.
Canadian department store chain Holt Renfrew is giving its Montreal St. Catherine’s Street flagship a new look in a construction project that will turn the store into its largest location.
