Smaller independent brands are overtaking luxury cosmetics brands in the digital space now that their operations have expanded beyond social, according to the 2016 Beauty Index by L2.
Quality tops attributes such as craftsmanship and service as the number one defining attribute affluent consumers use to discern a good’s luxury status, according to new research by the Luxury Institute.
While Black Friday has been traditionally one of the biggest, if not the biggest, shopping days for retailers, this year saw online retailers overshadow bricks-and-mortar stores in terms of revenue growth.
Advances in social media have refined brand building and strengthened awareness tactics, particularly when a new product is launched, according to a report from Five by Five.
The gap between high-achieving digital fashion labels and those who trail behind is growing, as brands with larger budgets to invest in innovation are speeding ahead of the pack.
The luxury apparel market is forecasted to be worth $60.7 billion by the end of 2024, up from $1.8 billion in 2015, according to a report by Transparency Market Research.
Affluent parents are increasingly bringing their children with them as they travel first class and stay at luxury properties, creating a growing need for kid-friendly amenities.
Despite the surprising outcome of June’s Brexit vote, London remains the world’s top city in a time when place equity matters more than ever.
Upper Fifth Avenue rental prices have dropped due to advancements in digital shopping, but it still holds its place as the most expensive stretch in retail with its prices more than two times higher than others around the world.
Disruptive factors and a climate of uncertainty have put pressure on the retail environment, but the brands that will weather the storm best are those embracing purposeful business models.