The global luxury market continues to outpace expectations. Luxury spending exceeded €1 trillion last year largely driven by personal luxury good purchases. Americans were the second-largest group of luxury buyers behind the Chinese, making up nearly a quarter of the global luxury spend worldwide. But as Karl Lagerfeld famously said, “keep the best, forget the rest” and today’s luxury retailers are doing just that by selectively targeting 11 major U.S. cities… Read More
Coco Chanel once said, “In order to be irreplaceable one must always be different,” and in retail the right storefront can do just that: create irreplaceable differentiation. In the United States, five major cities, New York, Chicago, Las Vegas, Miami and San Francisco, have risen to the top of the list for luxury storefronts, according to JLL’s The New World of Retail report. JLL’s report, debuting at ICSC’s New York Co… Read More
Designer goods have always held a prominent place on the richest streets in America. On the Las Vegas strip at the ICSC conference, thousands of high street retailers are gathering to determine the best strategies to serve the shopping elite. Experts say now more than ever, luxury brands are including a mix of both physical and online presence.