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Macro-cultural value shifts mean high-net-worth travelers now have a different set of expectations.
The luxury market is poised for transformative shifts across various domains, painting a dynamic landscape for industry players.
What is the future of luxury retail? Like with any global industry, it is complicated and will be largely influenced by technology.
The leader vetoed and edited several laws in December that are set to make business easier for luxury labels.
Brands lacking clarity in their offerings are likely to encounter difficulties.
Using data engineering methods, I set out to answer the question, “how diverse is luxury leadership?”
As the industry grapples with excess inventory, new opportunities emerge for strategic partnerships between luxury brands and sustainability-focused counterparts.
Luxury brands that partner with bricks-and-mortar retailers can create synergies beyond setting up a mere distribution network.
Several new laws will force leaders to disallow the status quo.
As young consumers become key buyers in the market, the industry needs to evolve to fit their vision of luxury defined by knowledge, access, community and craft.
There are many growth opportunities in the luxury sector, but creativity is critical for labels to truly excel.
Leading global private jet provider BitLux shares the list of the most relevant events that private jet passengers attend on a yearly basis. What can you look forward to in 2024?
As the fashion industry takes sustainability into regard, officials are making headway on “greenwashing” regulations.
Loosely defined as cutting back on the quality of products, “skimpflation” is having a significant impact on many luxury consumers.
The new codes of luxury are increasingly shifting to center around an individual’s entire lifestyle, including diverse interests, areas of inspiration and global influences.
An increasingly competitive marketplace requires the establishment of a unique blueprint for start-ups and heritage names alike.
High-end brands have the ability to heighten this sense of connection, closeness and affinity with customers for a lifetime, not just over the course of a single transaction or the sharing of a social post.
While the wealthy have buoyed luxury sales, it is inevitable that luxury brands will need to make personnel cuts.
Luxury brands and their audiences have become increasingly segmented, their unique behaviors and identifiers included.
Opportunities still exist for brands to create a legacy and leverage the power of heritage.
The use of AI in marketing should be approached cautiously by companies in the luxury space.