Luxury Daily

News briefs

Day’s wrap: Macerich, Four Seasons, Cartier, Omega and Belmond

Luxury Daily’s live news from Dec. 13 – Macerich brings art to luxury shoppers in Arizona; Four Seasons Chat expands to 9 platforms; Cartier reboots its London boutique with modern strategy; Omega looks to model of the year for limited edition; British luxury train Belmond British Pullman serves afternoon tea journey for Disney’s Mary Poppins Returns.

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British luxury train Belmond British Pullman serves afternoon tea journey for Disney’s Mary Poppins Returns

Private luxury train Belmond British Pullman will celebrate the Dec. 19 release of Disney’s Mary Poppin Returns movie with an afternoon tea journey on board its vintage 1920s and 1930s carriages.

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Automotive
Automotive sector’s Top 10 headlines of 2018

Luxury automakers are enhancing customer service and integrating more sustainable technology into vehicles as they look to appeal to drivers’ changing attitudes amid economic uncertainty.

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Research
Luxury Daily releases new 40-page State of Luxury 2018 report polling industry insiders

The rise of the digital economy simultaneously poses the biggest challenge and growth opportunity to the luxury business, according to the newly released “State of Luxury 2018: The Insider View” report from Luxury Daily and Unity Marketing that surveyed 599 decision-making luxury industry insiders. More details in article on how to buy or get the report free with a new annual subscription.

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Strategy
Subscribe now: Full access to 75,000+ articles, reports, videos and images

Stay abreast of the latest news, analysis, research and developments in the fast-evolving luxury business worldwide. Access more than 75,000 articles, reports, videos and images from Luxury Daily, the world’s leading luxury business publication. Check out the monthly and annual subscription plans and gain full access to must-have luxury intelligence.

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News briefs
Fragrances, Cunard, Longines, Gucci, Christie’s and Saks – Live news

Luxury Daily’s live news from Dec. 17 – Fragrance sector sees gifting turnaround in 2018; Cunard honors WWII heroes with onboard discussions; Longines designs special edition for DFS Group; Gucci, looking to long view, formally unveils training program for knowledge transfer; Christie’s online participation continues to grow with record auction; Saks to close downtown New York store as digital shopping behavior entrenches.

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News briefs
LVMH, Paris protests, millennial consumers, Mercedes and Tesla – News briefs

Today in luxury – LVMH opens applications for sixth edition of LVMH prize; In Paris, ‘Yellow Vest’ protests cut sharply into city’s luxury trade; Millennial consumers rule the luxury market – how are brands coping; Mercedes, Tesla lowering prices in China amid easing tariff tensions.

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Columns
2 metrics that matter most to retailers’ holiday success

According to recently compiled data, acquiring a new customer is five times more expensive than retaining an existing customer. Yet, 44 percent of companies admit they “have a greater focus” on acquisition, while a mere 18 percent focus on retention.

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News briefs
Day’s wrap: fragrances, Cunard, Longines, Gucci, Christie’s and Saks

Luxury Daily’s live news from Dec. 17 – Fragrance sector sees gifting turnaround in 2018; Cunard honors WWII heroes with onboard discussions; Longines designs special edition for DFS Group; Gucci, looking to long view, formally unveils training program for knowledge transfer; Christie’s online participation continues to grow with record auction; Saks to close downtown New York store as digital shopping behavior entrenches.

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Retail
Saks to close downtown New York store as digital shopping behavior entrenches

The closure of another Saks store is a continuing sign that digital commerce rampages on to devour offline retail.

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Retail
Christie’s online participation continues to grow with record auction

Auction house Christie’s has seen its online auctions grow, with its latest having sold its highest number of watches in a digital auction.

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Education
Gucci, looking to long view, formally unveils training program for knowledge transfer

École de l’Amour is part of Gucci Equilibrium, a platform that supports Gucci’s 10-year Culture of Purpose sustainability and social responsibility program based on environment, people and new models.

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Jewelry
Longines designs special edition for DFS Group

Swiss watchmaker Longines is highlighting its 50-year relationship with duty-free retailer DFS with a commemorative timepiece.

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Travel and hospitality
Cunard honors WWII heroes with onboard discussions

Luxury cruise line Cunard is commemorating the 75th anniversary of D-Day with an immersive onboard experience that focuses on World War II.

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Fragrance and personal care
Fragrance sector sees gifting turnaround in 2018

Sales of prestige fragrances are expected to continue their upward trajectory this holiday season, following growth during other major gifting periods of 2018.

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Marketing
Louis Vuitton retains position as most valuable French brand

France’s Louis Vuitton, Chanel and Hermès have ranked as the country’s most valuable brands, leading Kantar Millward Brown’s luxury-dominated BrandZ list of the top 50 labels in the nation.

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Retail
BCG is 2018 Luxury Researcher of the Year

Boston Consulting Group is Luxury Daily’s 2018 Researcher of the Year, selected for its innovation and ability to pinpoint new, unique trends, spanning numerous sectors.

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Luxury FirstLook
Join us: Luxury FirstLook 2019 New York Jan. 16

Book your spot now at Luxury FirstLook 2019, an industry-outlook event Jan. 16 as digital change sweeps over luxury. How to shape your strategy and tactics in 2019? On hand to help are 30-plus speakers from Facebook, Google, Boston Consulting Group, LVMH’s Moët Hennessy, Lladro, Hearst’s Town & Country magazine, Artsy, Forrester, Rémy Martin’s Louis XIII, McLaren Automotive, Valmont, Quintessentially, Flont, Armarium, Perrin Paris, L.K.Bennett, Publicis Groupe’s Team One, Douglas Elliman, Vibes, Martini, Luxury Portfolio, Concierge Auctions, Euromonitor and the Luxury Institute, among others.

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Fragrance and personal care
Guerlain leverages the past to look into the future

French perfumer Guerlain is tapping into the strong relationship between scent and memory with a new application that hopes to convey emotion through audio.

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Real estate
Real estate sector’s Top 10 headlines of 2018

Now that millennials have reached an age where home buying is becoming a reality, luxury real estate has seen significant shifts in trends and market growth.

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QUOTE OF THE DAY
2 metrics that matter most to retailers’ holiday success
By

According to recently compiled data, acquiring a new customer is five times more expensive than retaining an existing customer. Yet, 44 percent of companies admit they “have a greater focus” on acquisition, while a mere 18 percent focus on retention.

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Book excerpt: The Wealth Elite
By

Rainer Zitelmann undertakes a groundbreaking study of the psychology of the super rich.

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Messaging as a platform points to future of conversational experiences
By

Messaging and conversational experiences are gradually transforming every aspect of the human-computer interface.

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Instagram’s newly unveiled shopping features: What brands need to know
By

The Facebook-owned social network has been focused on building out its capabilities over the past few months, unveiling two new ecommerce-focused features in September and adding three more last month.

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