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A majority of affluent consumers are signaling that they will maintain their current levels of luxury spending, and one-fourth even said they expected it to increase over the next 12 months.
Now that China has lifted the remaining COVID restrictions and reopened its borders, we may see another wave of revenge buying drive global luxury sales, and influencers will be in the driver’s seat.
A simple look at Silicon Valley Bank’s internal investments paints a picture of a bank that put too many eggs in the proverbial basket.
There are some major developments that retailers are watching from the United States’ National Labor Relations Board in the coming months.
AI tool are here to stay and can be a valuable asset to sales professionals.
Various states have numerous laws surrounding employment interview questions, pre- and post-employment testing, the use of AI in hiring and salary disclosures.
First issued in 1992 and last updated in 2012, the Green Guides are widely regarded as the principal reference point for the evaluation of green marketing claims.
AI will fundamentally revolutionize how luxury brands engage and connect with their retail and VVIP customers.
The UAE in the Middle East is highly demanding of experiences, services and the ability to select products that tap into the local culture, while having an international look and feel.
The Office for Budget Responsibility suggests that the United Kingdom is poised to see the worst fall in living standards since records began in 1948.
The years 2021 and 2022 once again proved that the luxury sector has always been the last to enter, but first to recover from any kind of economic or geopolitical crisis.
The Court of Justice of the European Union (CJEU), in a highly anticipated decision, ruled that Amazon may be held liable for the advertising of infringing goods that bear registered trademarks.
For brands looking to build passionate and loyal online communities, it is time to look at other options.
Trade dress can be a very powerful form of protection, but only if a company understands how to gain and maintain it.
In psychology, avoidance behavior is characterized as behavior that people use to escape or distract themselves from difficult thoughts, feelings and situations.
Proactive retailers are actively reviewing the way they pay and classify employees and their safety priorities as identified recently by the Consumer Product Safety Commission.
Smart brands will not avoid TikTok in the downturn — they will lean in, take advantage of favorable pricing to drive conversions and ROI, and steal share from the competition.
By offering discounted goods to a new set of consumers who may not have been able to afford them previously, brands are building a connection with younger people who are rising in economic status without undercutting the value of other products.
The dance of applying strategic and creative expertise to local campaigns varies in complexity depending on the level of centralized control at the global level.
To create value and increase return on investment, customer experiences and employee experiences walk hand-in-hand to form customer centricity.
It is unclear whether COVID shifted priority to personal time and family, caused feelings of fatality that alter rationale for late hours, or something else. What is clear is that there is a dearth of qualified talent applying for jobs in the retail sector.