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Luxury Daily's live news from Jan. 18 - Lowered tourist spend dents Tiffany’s holiday sales; Tesla reduces workforce in bid for more affordable Model 3; Balmain seeks to modernize fashion with streaming, AR app; Reebonz plans to enhance circular luxury with blockchain; Luxury leverages #10YearChallenge for heritage display; Luxury personalities “living in the future”: Luxury Institute CEO.

French fashion house Balmain is making its brand more accessible and inclusive with the launch of a mobile application that will offer augmented reality experiences and live-streamed runway shows.

Electric automaker Tesla is cutting its full-time staff by 7 percent in an effort to make its entry-level Model 3 more accessible.

A number of luxury brands have taken on a social media challenge to post a 10-year-old photo, turning the trending topic into a means to discuss their consistency.

Southeast Asian luxury marketplace Reebonz is looking to more easily authenticate pre-owned goods with blockchain, tapping into the technology’s traceability.

Despite double-digit growth in mainland China during the holiday season, U.S. jeweler Tiffany & Co.’s global sales declined during the important shopping period.

NEW YORK – Forward-thinking executives and researchers can have a significant impact on the luxury industry as heritage and other high-end brands look to expand their customer base during this competitive era.

NEW YORK – In the competitive online retail environment where price tends to be the determining factor of where a consumer shops, luxury brands are faced with a discount dilemma as they look to drive sales without damaging their positioning.

Armed with growing wealth, technological prowess and a penchant for responsible consumption, millennials have transformed the luxury market in recent years, changing how brands approach everything from marketing to in-store experiences.

With China's economic growth rate slowing to a record low, the number of Chinese ultra-affluents who are "very confident" in the economy dropped more than 10 percent in 2018.

NEW YORK – As consumers seek out alternatives to ownership, startups Armarium and Flont are creating a path for brands to introduce themselves to shoppers through rentals.

NEW YORK – As high-end real estate brokerages compete to attract prosperous sellers and buyers, many are looking for ways to personalize and enhance customer experiences through digital technologies.

This third annual State of Luxury: The Insider View report by Luxury Daily and Unity Marketing surveys 600-plus luxury insiders on their reasons for optimism and caution in 2019. Buy the 44-page exclusive research to arm yourself with invaluable intelligence.

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Luxury Daily's live news from Jan. 17 - Consumers are channel-agnostic: Forrester; Mandarin Oriental hires sales director prior to residence launch; Yacht platform allows for digital booking, concierge; LVMH, Rihanna team up for luxury fashion line; John Varvatos raises money through its connection to music; Rolls-Royce heads to the slopes for the 2019 ski season.

Today in luxury - Versace, 2 Chainz collaborate on chain reaction sneaker, RTW capsule; Elon Musk says Tesla is ending its customer referral program as it is costing too much; Longines and longevity; Valentino partners with undercover for streetwear-inspired FW19 collection.

Luxury Daily's live news from Jan. 17 - Consumers are channel-agnostic: Forrester; Mandarin Oriental hires sales director prior to residence launch; Yacht platform allows for digital booking, concierge; LVMH, Rihanna team up for luxury fashion line; John Varvatos raises money through its connection to music; Rolls-Royce heads to the slopes for the 2019 ski season.

British automaker Rolls-Royce is catering to ski-enthusiasts, a group that has significant crossover with its affluent audience.

U.S.-based fashion label John Varvatos is continuing to support a mission to provide nutritious meals for those living with severe illnesses by bringing back its benefit concert.

Luxury goods maker LVMH is rumored to be in talks with music artist Rihanna to create a luxury fashion line.

A new platform is launching in the hopes to make yacht booking easier, finding a new niche in the digital age.