Industry News & Trends

THE LATEST MOVES IN LUXURY, LIFESTYLE & RETAIL

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THE NEWEST LUXURY EXPERIENCE IS OUT OF        THIS WORLD. 

The waitlist has launched: the terms include an $80,000 deposit towards a $9.5 million stay...in space. (via Travel + Leisure)

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SPOTLIGHT ON  "RELAXED LUXURY"

Dominic Gorham reinvents the luxury guest relations experience with a refreshing, laid-back attitude at The Thief in Oslo, Norway. (via SKIFT)

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CHOPARD TEAMS UP WITH ECO-AGE TO DEFINE ECO-LUXURY

The iconic Swiss-based watch & jewelry company shares its journey to sustainable luxury. (via Barron's)

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RICHEMONT'S $3.3 BILLION BID FOR YOOX BURNS ONLINE LUXURY SKEPTICS

A wake-up call to skeptics who thought consumers would never buy $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches online. (via Bloomberg)

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TRAVEL MEGATREND 2018: PERSONAL FULFILLMENT IS THE NEW LUXURY

The personal fulfillment and self improvement one gains from an experience are taking precedence, and luxury brands can help travelers reach this goal. (via SKIFT)

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STORE CONCEPT OF THE YEAR: SEPHORA

Retailers have been opening new store concepts at a furious pace as they strive to make brick-and-mortar fun again. (via Retail Dive)

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THE LAW AND LUXURY BRAND EXPERIENCE -- 2018 STYLE

If you hope to be positioning your brand in the luxury segment, the word of the year for 2018 is “experience.” (via Forbes)

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HOSPITALITY-RETAIL MASHUP

As this trend evolves, we see a deeper level of integration between retail and hospitality. Muji and West Elm are opening hotels. Parachute has a small pop-up hotel so people can try products. (via SKIFT)

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LUXURY BRANDS TO REACT FASTER TO CUSTOMERS

“Organizations that are siloed are no longer going to be able to properly reach today’s customer.” (via GLOSSY)

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NEXT PHASE IN LUXURY TRAVEL

Luxury travelers are increasingly looking to vacation rentals for a different type of experience. This presents opportunities for both established players and newcomers. (via SKIFT)

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THE NEW INTERSECTION OF LUXURY & HOSPITALITY

This was quite a week for major hospitality executive shuffles, and their respective moves will certainly impact the future development of the companies and brands they’ve left and are headed to. (via SKIFT)

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NORDSTROM'S NEW CONCEPT: A STORE THAT DOESN'T STOCK CLOTHES

It sounds like a bit of a head-scratcher: Department store giant Nordstrom says its new concept store won't actually have any clothing in stock. (via NPR)

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DAN BARBER ELEVATES WASTE AND LEFTOVERS AT HIS PROACTIVE POP-UP

Selfridges gives up its rooftop restaurant (site of Pierre Koffmann’s thrice-sold-out comeback) to Dan Barber’s revolutionary New York pop-up wastED. (via The Telegraph)

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A RISING TIDE OF MILLENNIAL WEALTH COULD RESULT IN NEW LUXURY BOOM

It is a mistake to assume that the millennial generation will aspire to the same luxury as previous generations. (via Forbes)


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