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What luxury retailers need to know to succeed in the year ahead

Inside Retail

With travel curtailed, home-bound, experience-starved consumers flocked to luxury shopping to lift their spirits and spend some of their discretionary funds accruing thanks to Covid-19 government assistance, stimulus checks, tax relief, suspended student debt payments and the pandemic-induced restrictions. What a difference a year makes.

Jewelry 228
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How Burberry’s new leadership duo can reignite the luxury brand’s spark

Inside Retail

Lee, who was previously at Kering’s Bottega Veneta , should focus on strengthening its runway, streetwear, and menswear collections to appeal to younger consumers, said Ortelli. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278
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From frumpy to fashionable: the triumphant turnaround of M&S Clothing

Retail Gazette

A big driver of his performance has been the long-awaited revival of its fashion arm. With stylish celebrity ambassadors and a booming social media channel, the retailer’s designs are a fry cry from the frumpy fashion that filled its stores not so long ago. In fact M&S clothing is – dare we say it – cool again.

Fashion 73
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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. The Japan Tourism Corporation states that, in 2019, more than 30 million people visited Japan. But a better reference point is the corresponding period of 2019.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel.

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The Need for Delivery Speed Drives Holiday Hiring

Retail TouchPoints

Retailers will need to account for the heightened demand for home deliveries from COVID-19, which has incentivized many retailers to form new relationships with Instacart, Shipt, DoorDash and other services that enable home delivery at scale. The rescheduled Prime Day, set for Oct. 13-14 , will kick off the season.

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Group buying, quick commerce and DTC: 5 e-commerce trends in Southeast Asia

Inside Retail

Retailers in Southeast Asia, like elsewhere, have accelerated their adoption of digital platforms as consumers have been forced online to meet their everyday needs. Although physical stores will continue to play a role, the rise of technology and e-commerce has shifted consumer behaviour and preferences. DTC is poised to grow.