Retailers can no longer rely on a bricks-and-mortar network to measure revenue growth as sales decline and foot traffic drops off. Instead, specialty retail brands must search for a new growth narrative.
Luxury Daily’s live news from July 25 – LVMH sells Donna Karan International to G-III in $650M deal; Selfridges gives fashion department a makeover in Designer Studio; Abercrombie & Kent gets capital boost from Chinese investment firm; Fortnum & Mason encapsulates culinary heritage in print.
Today in luxury marketing – Bottom line: Brands chase China’s high-end lingerie market; What’s driving the goldrush for Korean beauty brands?; Redefining luxury: When it comes to cars, it’s all about the “experience”; Gloss comes off Dubai as oil woes spill into expat promised land.
Purchasing fine jewelry online is challenging due to the lack of personalized service, but technology-driven retailers such as Swoonery are using innovative methods to connect clients with relevant pieces.
Designer Peter Copping is leaving the creative director position at Oscar de la Renta, citing personal reasons for his departure.
Italian jeweler Bulgari is crossing over into the consumer solutions sector with the introduction of its Bulgari Vault mobile application.
Luxury Daily’s live news from July 20 – Madison Avenue BID sees retail growth for H1 2016; Porsche Design builds sky garage in $32.5M Miami penthouse; Versace explores male modernity in latest cologne debut; Louis Vuitton rumored to swap out Ghesquière for Loewe’s Anderson.
