The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
After years of online shopping during the pandemic, luxury brands are now stepping outside their virtual stores to cater to customers’ desire to return to physical stores. BoF Insights, in partnership with Royalmount, an upcoming shopping development in Montreal, Canada, takes a look at how luxury retailers can best satisfy customer expectations in their newest case study, The Evolving Art of Luxury Experiential Retail.
According to BoF director of research & analysis Diana Lee, more than half of frequent luxury customers in North America who responded to the BoF Insights and Royalmount survey said, “The stores should be more than a place to buy luxury products.”
In the latest #BoFLIVE, Lee is joined by Andrew Lutfy, chief executive of real estate developer Carbonleo and visionary of Royalmount; David Gester, chief development officer of L Catterton Real Estate; and Victor Luis, chief executive of Moose Knuckles. The group discusses how luxury retailers can use digital integration, environmental standards and inclusive luxury to best cater to their customers.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.