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
Japan is getting a new luxury Four Seasons resort on Okinawa island. New Four Seasons to debut on the island of Okinawa as part of Berjaya Group Master Plan on the island Luxury hospitality company Four Seasons Hotels and Resorts and Berjaya Okinawa announced its new development on the island of Okinawa. In Okinawa, … Read more
Shoppers avoid hefty designer markups on clothes and cosmetics by ordering direct from factories
Retailers’ bids to woo wealthy include private dinner inside Jimmy Choo’s or Antarctica trip