Luxury Daily, June 19, 2017 – Post-boomer HNW seek tech-savvy, transparent service

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June 19, 2017

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Financial services

Post-boomer HNW seek tech-savvy, transparent service

Despite the differences in behavior and preferences among Generations X, Y and Z, high-net-worth individuals who fall into these age groups have a number of similar desires.

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Strategy

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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.

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Apparel and accessories

Stella McCartney builds masculine image in dramatic short FREE

British fashion label Stella McCartney is weaving a mysterious plot to mark the arrival of its second menswear collection.

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Fragrance and personal care

Augmented reality beauty experiences extend to targeted promotions

Sephora and Estée Lauder are among the beauty marketers leveraging facial tracking technology to lift conversions.

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Travel and hospitality

Bluejet’s Times Square ad promotes private aviation between China and US

China's Bluejet is hoping to encourage more Chinese luxury travelers to use private jets when journeying to the United States with an out-of-home digital display in New York.

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Strategy

State of luxury commerce – Luxury Memo special report

Commerce is in a continual state of upheaval with shifting consumer behavior and values paired with rapidly evolving technology keeping luxury retailers on their toes.

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Blog

Top 5 brand moments from last week

Luxury brands are embracing unique in-store experiences as a way to get customers off the streets and into stores.

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Strategy

Call for nominations: Luxury Women to Watch 2018 FREE

While more women are entering senior and decision-making ranks at luxury marketers, more work needs to be done to attract them to key marketing, retail, media and digital positions in an industry that has shown its resilience in good times and bad.

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News briefs

U.S. Trust, Chloé, Bulgari, LVMH award winners, Cunard, Gucci and Hublot – Live news

Luxury Daily's live news from June 16 - Generational conflicts brew over wealth management among young, old affluents: U.S. Trust; Chloé paints portrait of London life through girl gang; Bulgari stages jewelry style retrospective on Instagram; LVMH Innovation Award winner leverages AI to forecast consumer trends; Cunard, NYT cross the Atlantic for crossword puzzle’s 75th anniversary; Gucci’s flora and fauna invades Harrods for storewide initiative; French fashion designer Marine Serre wins 2017 LVMH Prize.

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News briefs

Brioni, Grenfell Tower, Balenciaga parodies and Estée Lauder – News briefs

Today in luxury - Brioni’s choice points to rise of women in men’s tailoring; Jeremy Corbyn: Put Grenfell Tower homeless in empty luxury flats; Vetememes founder is now launching Boolenciaga and here's an exclusive first look; Estée Lauder's latest investment is in science-based, Internet-beloved beauty brand Deciem.

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Research

Luxury spending to double in China over next 10 years, says McKinsey

In 2016, Chinese buyers from rich households (7.6 million) spent more than $73.5 billion (500 billion yuan) to purchase nearly one-third of luxury goods in the world. The average spending from these buyers on luxury products was 71,000 yuan, which doubled that of a household in France or Italy.

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Columns

Getting luxury travel retail right

About 6 percent of luxury shopping now takes place at airports, up from 4 percent last year, and the global travel retail market is estimated to grow from $63.5 billion in 2014 to $85 billion by 2020.

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