Never miss a luxury moment. Access the latest luxury business news and analysis, marketing and retail campaigns, features, special reports and live coverage during business hours. Check the $12 for 12 weeks offer for 22 percent off the annual subscription price.
With advances in artificial intelligence technology, 45 percent of retailers are planning on using AI to improve the shopping experience in the next three years, according to a new Boston Retail Partners report.
Luxury Daily's live news from May 19 - Richemont acquires 5pc stake in Dufry; Longines Masters moves final leg of show jumping tour to New York; Four Seasons celebrates Global Wellness Day with worldwide events; Mercedes-Benz affirms clean energy goals with solar storage; Sotheby’s sells Basquiat painting for record-setting $110.5M.
Today in luxury marketing - The booms and busts of American luxury; Where are the luxury watches born in the USA?; Model claims Louis Vuitton dismissed her because of weight; Aston Martin dreams of catching Ferrari.
According to research by Unity marketing, more than three-quarters of all luxury consumers are members of at least one loyalty program. So these programs clearly have a powerful appeal to affluent shoppers. Yet the vast majority of loyalty programs today are spend-and-get.