Luxury Daily

Strategy

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Subscribe now: Full access to 90,000+ articles, reports, videos and images

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world’s leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

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Strategy
Subscribe now: Full access to 90,000+ articles, reports, videos and images

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world’s leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

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News briefs
EBay, Farfetch, Marriott and David Yurman

Luxury Daily’s live news: Pre-owned ‘Authenticity Guarantee’ now covers streetwear on eBay; Farfetch shuffles leadership at New Guards Group; Marriott Bonvoy bolsters loyalty with ‘One Point Moment Drops’; David Yurman partners with The Trevor Project for Pride.

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Apparel and accessories
Tapestry raises annual fiscal expectations after strong starting results

CEO Joanne Crevoiserat shares the company is equipped to “deliver sustainable, profitable growth against a volatile backdrop” in 2023.

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News briefs
Day’s wrap: EBay, Farfetch, Marriott and David Yurman

Luxury Daily’s live news: Pre-owned ‘Authenticity Guarantee’ now covers streetwear on eBay; Farfetch shuffles leadership at New Guards Group; Marriott Bonvoy bolsters loyalty with ‘One Point Moment Drops’; David Yurman partners with The Trevor Project for Pride.

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Retail
Pre-owned ‘Authenticity Guarantee’ now covers streetwear on eBay

Online retail platform eBay’s certification service now expands into a sixth category.

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Travel and hospitality
Marriott Bonvoy bolsters loyalty with ‘One Point Moment Drops’

Now, a single Marriott Bonvoy loyalty point grants members access to one-of-a-kind experiences with celebrities, sports teams and podcast giants alike.

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Jewelry
David Yurman partners with The Trevor Project for Pride

U.S. jeweler David Yurman is kicking off the observance by engaging with the organization for the second year in a row.

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Commerce
Farfetch shuffles leadership at New Guards Group

Retail group Farfetch has announced a series of management changes as cofounders Davide De Giglio and Andrea Grilli depart the company’s subsidiary, New Guards Group.

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Apparel and accessories
Valentino takes trip with textiles for ‘Escape 2023’ collection

The maison leans into logomania as its creative director continues to cement his legacy, platforming distinct designs in the process.

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Sustainability
Of 10-point scale, luxury brands average 2.99 score on 2023 Circular Fashion Index: Kearney

Of all brands listed in the third-edition Circular Fashion Index (CFX) this cycle, Italian fashion label Gucci is the only luxury player to rank within the top 10.

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Jewelry
Rolex celebrates 70 years of Giraglia

The event will sustain the brand’s reach in the yachting sector while offering audiences a sporting spectacle.

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Research
Consumers in APAC shifting toward sustainable, local luxury brands: report

A shift in Asian markets could see luxury brands’ fiscal reports become more grim.

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Strategy
Subscribe now: Full access to 90,000+ articles, reports, videos and images

We invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world’s leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.

Share on FacebookShare on LinkedInShare on Twitter
News briefs
Capri Holdings, LVMH, Fendi, Bugatti and Natural Diamond Council

Luxury Daily’s live news: Total revenues at Capri Holdings down 10.5pc in 2023; LVMH’s ‘Heristoria’ concept goes physical with first-time vintage showcase; Fendi to release basketball activewear capsule collection; Bugatti invites owners to Kennedy Space Center for aerodynamic activation; Natural Diamond Council onboards eight leading diamond manufacturers.

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Retail
Young Chinese consumers embrace positive future outlook

As of March, consumer confidence levels reached a six-month high, with more than 62.4 percent of young Chinese expressing optimism about the future.

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News briefs
Day’s wrap: Capri Holdings, LVMH, Fendi, Bugatti and Natural Diamond Council

Luxury Daily’s live news: Total revenues at Capri Holdings down 10.5pc in 2023; LVMH’s ‘Heristoria’ concept goes physical with first-time vintage showcase; Fendi to release basketball activewear capsule collection; Bugatti invites owners to Kennedy Space Center for aerodynamic activation; Natural Diamond Council onboards eight leading diamond manufacturers.

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Jewelry
Natural Diamond Council onboards eight leading diamond manufacturers

The Natural Diamond Council (NDC) is gaining a handful of new partners.

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Apparel and accessories
Fendi to release basketball activewear capsule collection

The Italian fashion house teamed up with American athletic equipment company Spalding for a limited drop, set to debut at Saks Fifth Avenue on June 1.

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QUOTE OF THE DAY
Impact of in-store pickup for ecommerce orders
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Amazon accounts for 36.9 percent of all online sales but ecommerce only represents 20 percent of all retails sales in the United States, so, by increasing its store presence, the retailer can increase revenue.

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Luxury retail’s staying power amid economic uncertainty
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Bain & Company projects that the luxury goods market will continue to experience positive growth, rising by 60 percent in value by the end of the decade.

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Acting differently to serve customers of ultra-luxury brands
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Successful niche luxury brands are required to be unique, innovative, insightful and hyper-segmented.

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Transforming the luxury fashion experience with AI-powered chatbots
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The utility of AI in its current iteration is quickly becoming apparent in everything, from more sophisticated digital advertising and testing to content generation.

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