Luxury Daily’s live news: Premium publishers experiencing slight rebound in ad spend projections; Tiffany introduces “T Time” Instagram Live series for positivity during lockdown; Podcast: Euromonitor’s Fflur Roberts on long-term lull seen in global luxury over COVID-19; 7 rules for reinventing your luxury business model post-pandemic.
Luxury Daily’s live news: Premium publishers experiencing slight rebound in ad spend projections; Tiffany introduces “T Time” Instagram Live series for positivity during lockdown; Podcast: Euromonitor’s Fflur Roberts on long-term lull seen in global luxury over COVID-19; 7 rules for reinventing your luxury business model post-pandemic.
Many consumers, particularly the aspirational, may not be able to justify buying personal luxury goods such as leather goods, fashion, watches and jewelry as some see no reason to use them in the foreseeable future.
Technology, speed, frictionless, inclusiveness, wellbeing, green creds and personalization stand out.
With the majority of the global population now online, retail is undergoing a digital revolution that spans ecommerce and physical stores.
The potential for a global downturn and a slowdown in emerging markets are the biggest threats to international economic growth heading into 2020.
By 2030, 53 percent of all global spending will be allocated towards services rather than goods, as consumers’ aspirations shift away from accumulating material possessions towards achieving simplicity.
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Consumers across all income levels are time poor, leading to a rise in services that help them simplify and speed up tasks such as shopping.
Premium and luxury beauty brands are facing growing competition from mass players, since the messaging that resonates with consumers is more than skin deep.
