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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. Omni Hotels forms lifestyle partnership with sportswear brand Peter Millar
  2. Luxury Unfiltered: The Q1 number luxury will celebrate is the one that should worry it most
  3. Prada’s Days of Summer collection going strong at Saks Fifth Avenue
  4. Inevitability of automation necessitates adaptation: GDR Creative Intelligence CEO
  5. Clé de Peau Beauté, UNICEF extend partnership to reach 7.3M more girls
  6. Lamborghini celebrates national ‘Made in Italy’ Day
  7. Gucci revisits ‘The Art of Silk’
  8. Named global ambassador, Priyanka Chopra Jonas shares creative perspective with Bentley
  9. The Langham Shanghai restaurant earns second Michelin star
  10. Lions, tigers, bears and 'Wirkins,' oh my!: The legality of Walmart's Hermès Birkin dupe
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