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Dec. 7, 2024
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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. Assouline inaugurates two-story flagship in Riyadh, Saudi Arabia
  2. Printemps now accepts cryptocurrency payments
  3. LVMH Luxury Ventures Fund invests in luggage brand Db
  4. Richard Mille announces MoMA partnership
  5. Mercedes-Benz supplies Vatican with first electric ‘Popemobile’
  6. Luxury Unfiltered: Why feelings trump features in the new era of brand excellence
  7. Shanghai premiere of Ralph Lauren documentary features 1,000-drone spectacle
  8. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  9. Canadian menswear retailer Harry Rosen claims 360 percent growth in online conversions via Algolia search
  10. Culinary tourism market in APAC to grow to $6.2 trillion by 2033: Marriott
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