Top ranking luxury department stores in the world – a window into what retail reinvention should look like. Sybarite and analyst GlobalData have partnered again to identify the most unique and productive luxury department stores inthe world. Harrods named as world’s best performing luxury department store, says the 2019 research. Harrods, SKP, Le Bon Marché, … Read more
Mike Ashley plans for branches to be renamed Frasers and stock designer labels
72% of high-end travelers prefer to spend their money on experiences rather than material things. These new luxury hotels and hospitality offers are united by exceptional design and experiences across dining, fitness, wellness and sustainability. Both American and Canadian travelers paid quite a bit less to enjoy four-star and five-star accommodations in 2018, … Read more
High-end French department store Galeries Lafayette moves to 60 Avenue des Champs-Elysées in Paris. With 6,500 sq.m. – the largest retail space on the avenue – this new address aims to offer local and international visitors a one-of-a-kind, more intimate and responsive department store model. Galeries Lafayette also launches a conversational app called Personal … Read more
Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report finds
Consumer survey: Millennials buy jewelry and watches from retailers. Good news for the brick-and-mortar retail of watches and jewelry: Young people prefer to purchase jewelry and watches in person from specialty retailers. The majority find trust in the retailer and good service very important. These are the findings of the INHORGENTA MUNICH Trend Index … Read more