With influencers accounting for 10 percent of decisions about luxury purchases – per a Boston Consulting Group study with Italian luxury trade group Altagamma – and with this lever expected to grow, Driscoll Advisors principal Marie Driscoll goes to the source and speaks with Souler cofounder Andrea Tobin about this expanding new media and marketplace.
Luxury Daily's live news from May 22 - Stuart Weitzman lets creative director go, shortly after CEO; Sephora looks to build confidence in the transgender community; Ferragamo debuts first bag design under new creative director; Jaguar Land Rover pleads with British government for straight-forward emissions policy; Saks Fifth Avenue jewelry department joins beauty on second floor; Erdem Moralioglu: Not overextending key to growth.
VENICE, Italy – While designer Erdem Moralioglu has expanded into new product categories through collaborations, he is focused on not stretching his namesake brand too far, too fast.
VENICE, Italy – Italian label Dolce & Gabbana takes a traditional yet innovative approach to fashion, centering its brand on artisan tailoring while embracing technology and up-and-coming consumers.
VENICE, Italy – Chasing after the latest trend may be appealing for luxury marketers in an ever-changing world, but doing so can risk the loss of a brand’s core identity.
VENICE, Italy – The European Union is in a difficult situation but even as member states leave or contemplate leaving, the crisis presents an opportunity to strengthen the architecture of the EU.
VENICE, Italy – Young consumers today are of a different breed than what many brands are used to, which makes targeting them both challenging and rewarding.
Yachts are inherently luxurious, but appealing to the changing consumer and adhering to evolving demands puts pressure on an industry previously held as fundamentally prestigious.
The rise of the digital economy simultaneously poses the biggest challenge and growth opportunity to the luxury business, according to the newly released “State of Luxury 2018: The Insider View” report from Luxury Daily and Unity Marketing that surveyed 599 decision-making luxury industry insiders. More details in article on how to buy or get the report free with a new annual subscription.
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This special report, in collaboration with Jing Daily, is a gift from Luxury Daily to its loyal paid subscribers for their continuing support. China is the beating heart of the global luxury market. Most luxury marketers have their eyes and ears tuned to the likes and evolving tastes of Chinese customers buying luxury goods and services domestically and overseas. Here is a thorough examination of the state of innovation in China's luxury market.
Luxury Daily's live news from May 21 - Nordstrom petitions for more size inclusion; Ritz-Carlton, JW Marriott to beef up rewards during Macau anniversary; The days of long leases are over: MoveNow exec; Cate Blanchett represents the Giorgio Armani Beauty woman; TCS World Travel repositions to better serve digitally savvy affluents; Wedgwood speaks to sustainability, nature via flower shows.
Today in luxury - Interview Magazine shutting down, files bankruptcy; Downtown drives Manhattan luxury; New house style: Clare Waight Keller at Givenchy; Tesla Model 3 rebuffed by consumer reports on slow braking.
The circular economy in luxury is a concept of reviving the essence of luxury with its long-established emphasis on rarity, reflective buying, restoration, longevity, endurance, handcraftsmanship and consideration for people and planet.
Luxury Daily's live news from May 21 - Nordstrom petitions for more size inclusion; Ritz-Carlton, JW Marriott to beef up rewards during Macau anniversary; The days of long leases are over: MoveNow exec; Cate Blanchett represents the Giorgio Armani Beauty woman; TCS World Travel repositions to better serve digitally savvy affluents; Wedgwood speaks to sustainability, nature via flower shows.
