Department store chain Saks Fifth Avenue has seen its physical stores continue to play a crucial role in boosting sales amid the COVID-19 pandemic, and executives do not believe this can be replaced by digital channels.
Beauty group Estée Lauder Companies has embraced a variety of omnichannel tactics, from virtual consultations to Postmate deliveries, to bring the cosmetics counter to shoppers’ homes.
Hospitality group Rosewood Hotels & Resorts has unveiled a new wellness retreat idea designed to enhance one’s ability to recover from life’s adversities.
Online retailer Net-A-Porter is partnering with Israeli designer Alber Elbaz on a new livestreaming project to reach digital-first consumers.
While Inauguration Day in the United States represents the official beginning of a newly elected administration, it became a massive platform for emerging designers this year.
Online retailer Mytheresa is celebrating its debut as a publicly traded company on the New York Stock Exchange after announcing the final pricing of its initial public offering (IPO) of 15,647,059 American Depositary Shares (ADS) at $26.00 per share.
NEW YORK — Building authentic relationships and digital targeting are key to successfully marketing to high-net-worth individuals within the luxury real estate sector.
NEW YORK — Affluents are seeking more cutting-edge amenities in luxury buildings and homes as they invest in home furnishings while marooned at home during the global pandemic.
German automaker Porsche is marking the 25th anniversary of its entry-level Boxster sports car by rolling out a limited-edition version and commemorating the vehicle’s historical success in a fresh campaign.
Italian fashion label Valentino is presenting a new journey into its “Inspired By” project, an effort dedicated to visionary leaders who embody the values of the brand.
Register now for this free webinar Wednesday, Feb. 3 at noon to 1 p.m. EST (New York time) on why authenticity matters even more in a post-COVID-19 world for brands and retailers. Senior executives from Avery Dennison and Certilogo will lay out a roadmap. Join us!
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Luxury Daily’s live news: Richemont sees sales gains in Q3, boosted by ecommerce, China; Burberry achieves strong digital growth as store closures linger; Audi introduces virtual workspaces to transform internal interactions; Tag Heuer taps tennis star Naomi Osaka as ambassador; Wall Street sees record highs on Inauguration Day; Webinar: Why authenticity matters even more for luxury brands as post-pandemic consumer evolves.
Looking ahead, the London-based Burberry expects its home market to become less appealing for luxury shopping as the United Kingdom scraps its VAT (value-added tax) rebate starting this year.
Luxury Daily’s live news: Richemont sees sales gains in Q3, boosted by ecommerce, China; Burberry achieves strong digital growth as store closures linger; Audi introduces virtual workspaces to transform internal interactions; Tag Heuer taps tennis star Naomi Osaka as ambassador; Wall Street sees record highs on Inauguration Day; Webinar: Why authenticity matters even more for luxury brands as post-pandemic consumer evolves.
All three United States stock markets closed at record highs on Jan. 20, following the inauguration of Joseph R. Biden as the country’s 46th president.
Swiss watchmaker Tag Heuer has enlisted tennis champion Naomi Osaka as its newest ambassador athlete as the brand continues to move in a younger and more diverse direction.
German automaker Audi has launched a virtual space to enable employees to learn and work in a digital setting during the ongoing COVID-19 pandemic.
British fashion label Burberry experienced strong sales growth in mainland China during the third quarter of its fiscal year, both in-store and online, as it continued to face challenges amid the COVID-19 pandemic.
Swiss luxury group Richemont saw double-digit growth in online sales, as its recovery continued into the third quarter of its fiscal year.
As the business environment evolves, legal issues that were once obscure or unheard-of now become important. Part of such an effective survival strategy is understanding what the legal trends will be and the best legal strategies to deal with them.
Luxury Daily is inviting opinion pieces on luxury business, advertising, marketing, media and retail issues that affect marketers as they run multichannel programs for branding as well as customer acquisition, retention and reactivation.
The early numbers are in for the online holiday shopping season, and the future looks bright.
The unreality of 2020 changed the fashion flex. A head-to-toe designer-dressed influencer posing in an exotic location feels sorely out of place and out of different time.