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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. Hermès unveils new leather workshop in Gironde, France
  2. Mercedes-Benz prepares bespoke S-Class model for 2026 Masters
  3. Culture is luxury’s next competitive edge
  4. Luxury Unfiltered: Kering's 80pc opportunity starts with a question most brands won’t ask
  5. Singer Renée Rapp carries Stella McCartney’s Falabella bag forward
  6. Gigi Hadid fronts new leather goods campaign from Miu Miu
  7. Cartier, The King’s Foundation create fellowship for fine watchmakers
  8. The Langham Shanghai restaurant earns second Michelin star
  9. Louis Vuitton bets big on Yayoi Kusama, begetting multichannel magic
  10. Prada taps ‘Re-Nylon’ profits to resource environmental education
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