Swiss watchmakers expect the market to stay challenging this year with the United States, their second-biggest market, showing no signs of recovering, executives told Reuters at an industry fair in Basel. Swiss watchmakers are grappling with declining sales in their … Read More
Young, wealthy Chinese consumers broadly fall into two camps: the first is the ‘fuerdai’ (literally ‘second generation rich’), or millennials who have inherited wealth from their parents and spend it on luxury goods in order to gain status and be … Read More
Alibaba recently chose seven Chinese high-value customers from its “Alibaba Passport” (APASS) Club to participate in a luxury tour to visit Australia amid the ongoing “Australia-China Year of Tourism.” The trip, which will be documented and partially live-streamed on social … Read More
There is a poolside revolution going on and something might be up when a luxury swimwear brand makes it into the London Stock Exchange’s ‘1,000 Companies To Inspire Britain’ annual of fastest-growing small and medium-sized enterprises (SME’s) in the UK, as … Read More
Tiffany & Co. reported fourth-quarter earnings Friday that beat expectations, fueled mostly by strong international sales and product price increases. Same-store sales — a metric closely watched for retail stocks — were unchanged for this quarter, but better than a … Read More
Rolex has topped the list of the world’s most Reputable brands for the second year in a row. The list is compiled by Reputation Institute (RI), who revealed that the results were based on over 170,000 ratings collected in the … Read More
In just a few years, the explosive development of the e-commerce industry in China has led to the revolutionary transformation of the ways in which luxury brands do business there. Alibaba group has played a crucial role in shaking up … Read More
After two years of decline, mainland China’s Luxury market rebounded with a 4% sales increase in 2016 as consumers shifted a portion of their spending back home from overseas. This shopping “repatriation” came after many brands narrowed the lingering gap between their … Read More
Italian automaker Ferrari is one of the few luxury brands to have increased production, and therefore revenue, without sacrificing its exclusivity, according to Brand Finance. Ferrari improved by three points this year brand strength as referenced by Brand Finance’s rankings. The … Read More
Luxury hubs such as New York, London, and Paris are very likely to sustain their density of luxury stores. But brands urgently need to examine the efficiency of their existing store networks—especially across Asia, and particularly in light of the … Read More