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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. Kering to acquire jewelry manufacturer Raselli Franco Group
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Savannah College of Art and Design debuts SCAD LUXE research center
  4. Louis Vuitton introduces Visionary Journeys Seoul
  5. For high-end fashion brands, wellness is the ultimate luxury
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Luxury Women to Watch 2017
  8. Dior builds five-story statement flagship in Beijing
  9. Lamborghini heads to French Alps for women-led driving series
  10. Chanel unleashes ‘From Dream to Reality’
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