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Retail

Efficiency replaces expansion as luxury retail adapts to “new normal”

January 25, 2017

Image courtesy of Armarium; the future of luxury retail will focus on more efficient stores Image courtesy of Armarium; the future of luxury retail will focus on more efficient stores

 

By Sarah Jones

Despite China’s continued position as the top spender for luxury goods, brands should consider scaling back their store footprint in the market, according to a new report from Boston Consulting Group.

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  1. Easter creations from pastry chef Maxime Frédéric coming to Le Café Louis Vuitton
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  3. SCAD lands $10M jewelry program endowment
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  5. Christian Louboutin delivers striking summer 2026 campaign
  6. Global demand for luxury hotels outpacing supply: JLL
  7. Luxury Unfiltered: The AI reckoning will separate true luxury brands from imitators
  8. Jumeirah scripts hospitality story in ‘Our Flame’
  9. Rolls-Royce drops in at Oberoi Concours d’Elegance
  10. Belmond partners with fashion designer Thebe Magugu
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