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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. Boucheron opens first flagship in China
  2. Inviting nominations for the 2014 Luxury Daily Awards
  3. Park Hyatt crosses into London’s residential market
  4. McLaren teases launch of Golf line
  5. Hermès shows personality with handshake tutorial
  6. Dior takes a step towards film with latest perfume ad
  7. Coty partners with OpenAI
  8. Bulgari signs pop star Dua Lipa as global brand ambassador
  9. YSL Beauty refreshes US ambassador roster
  10. Global luxury market to grow by up to 4pc in 2026: Kearney
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