“Perhaps a little surprisingly, however, we continue to see strong growth in the luxury sector as consumers make sacrifices elsewhere to afford a luxury purchase. This has created a 'squeezed middle' of retailers, many of whom are seeing flat or …
What is happening in the luxury travel industry is that customers want to know where they are when they stay at one of his hotels, said Arne M. Sorenson, president and chief executive of Marriott International (see photo above). “They want to feel that …
Luxury brands, that tend not to support full-service eCommerce sites on the justification that the online experience is a poor analog for the in-store, are now at risk to loosing customers to high end retailers like Neiman Marcus that offer options …
Japanese consumers are keeping their wallets firmly closed after the first sales tax rise in 17 years, with luxury items and appliances suffering as one major department store reported a 25 percent drop in sales. The precipitous plunge comes after …
The name K900 is derived from the car's counterpart in South Korea, and was chosen for the U.S. market where consumers associate luxury vehicles with alpha-numeric names. Unfortunately, when spoken it can sound like "Canine Hundred." Why would Kia …
Consumers typically purchase big ticket items in-person, leading many luxury retailers to overlook e-commerce. However, it's increasingly clear that's a mistake — luxury shoppers are typically very digitally-connected, wielding smartphones and tablets …
April 9 (Bloomberg) — Rahul Sharma, founder & managing director at Neev Capital, examines the common issues faced by luxury goods makers and how they can boost their brands on Bloomberg Television's “The Pulse.” Please enable JavaScript to view …
Educating the consumer on TiVo's functionality will be one of Mr. Bahr's first priorities as the company's chief marketing officer, a role previously shared by several executives. Mr. Bahr was hired in March from Inspirato, a luxury travel planner …
As Nigeria's middle class continues to grow, the demand for luxury and consumer shopping is only set to increase. Online shopping has started to take off in the country thanks to key players like Konga and Jumia, but getting consumer products from …