Newly minted super rich leaking into accessible luxury: BCG
NEW YORK – Acquisition of new ultra-high-net-worth (UHNW) consumers will be key to building sales for luxury brands as they adapt to the new normal of annual growth in the 3-5 percent range, down from 8-10 percent during the halcyon days of the past.
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Announcing Luxury FirstLook 2017: Time for Luxury 2.0
Register now for the nation’s premier conference focused on how the luxury business will rapidly evolve in 2017, calling for a reset to Luxury 2.0. Speaker list, agenda and registration link in article.
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Affluent consumers to decrease luxury market spend, says Luxury Institute
The drastic shift in consumer behavior from the rapid evolution of technology has resulted in a 20 percent drop in customer spend with luxury brands, according to the Luxury Institute.
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Dior furthers personalization with customizable handbag
French atelier Christian Dior’s celebrity ambassador is back again to usher in the label’s first customizable bag.
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Tag Heuer combines luxury materials, innovative technology for Connected timepiece
LVMH-owned Tag Heuer is going up against Apple Watch with the debut of an 18-karat rose gold Connected smartwatch.
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Dolce & Gabbana tells of contemporary princess’ day in social storytelling
Italian fashion house Dolce & Gabbana has scripted a social media fairy tale told through looks from its latest women’s wear collection.
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Desktop will dominate online transactions until mobile expedites checkout process: report
Despite the overall boom in mobile transactions, a new report finds that its growth is not yet optimal due to inefficiencies in checkout and payment tracks.
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Twitter kills Vine: What it means for mobile marketing
Last week, Twitter announced it was discontinuing Vine, a development that triggered a firestorm on its own platform in no small part due to surprise from marketers, who drew lessons from its rise and fall.
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Boodles, Berluti, Bugatti and Peninsula Paris – Live news
Luxury Daily’s live news from Oct. 31 – Boodles decks the halls of The Savoy in diamonds and ice; Berluti frames category expansion with Oliver Peoples collection; Bugatti’s multigenerational artistic talent subject of museum exhibit; Peninsula Paris invites guests to sit for studio-quality portraits.
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Gucci, Abu Issa Holding, handbags and James Galanos – News briefs
Today in luxury marketing – Pinault: It’s just the beginning of Alessandro’s Gucci; Qatar’s Abu Issa Holding to enter Iran retail market in 2017; Handbag sellers slashing their lineups as luxury demand wanes; James Galanos, fashion designer for the elite, dies at 92.
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SMS helps retailers with sales and customer engagement
Which other communication technology is able to provide instantaneous feedback and almost guaranteed open rates?
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