The collapse in international tourism has only made matters worse. Whether it’s London’s West End or Tokyo’s Ginza, luxury retailers pack together to attract well-heeled travellers both domestic and international. International tourists can count for as much as 75% of footfall in those locations, and a tendency to buy higher-priced, higher-margin products means their importance […]
And although luxury brands have an advantage over fast-fashion retailers because their products are items that you’d keep in your collection for years to come, they shouldn’t ignore the growing trend towards sustainable and conscious products. Millennials and Gen Z consumers, who are currently driving 85% of global luxury sales growth, are actively making changes […]
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