Brand partnerships have long been a strategic element in the retail playbook, aiming to elevate brand image and reach out to untapped audiences. The recent collaboration between French luxury brand Longchamp and the department store Harrods in London exemplifies how such alliances can reshape customer...
As the global economy navigates the twists and turns of inflation, brands and retailers are at a checkout counter of decisions: which aisle to stroll down with their marketing efforts. While the tempting option may be to tailor their strategy toward affluent consumers, who seem...
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution. Among the group’s brands, Gucci’s revenue was down 7% on a comparable basis, Yves Saint Laurent’s was down...
As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. The company has introduced Gucci’s newly opened flagship store, now accessible on China’s JD.com. This...
April 07, 2024
Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch up their flagship stores, one of their competitors will purchase the property and evict them. Last week saw Kering, which owns Gucci and Saint Laurent, pay $1.4 […]
October 24, 2023
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution. Among the group’s...
April 18, 2023
Payments and cryptocurrency ecosystem Wirex has launched a private service aimed at wealthier consumers. Wirex Private, announced Tuesday (April 18), is aimed “at Wirex’s growing segment of affluent customers,” and offers a “luxury service”...
February 15, 2023
Global luxury group Kering ran into headwinds during the fourth quarter. The group recorded a year-over-year decline in sales of 7% on a comparable basis during the quarter ended Dec....
