Coronavirus achieved what the Second World War failed to do: the closure (albeit temporary) of Harrods of London, the largest luxury store in the world. As a symbol of the pandemic’s impact on the luxury market, it was a powerful one. Geographically, the crisis hit the sector hard: it started…...
A look at 12 myths in the luxury retail industry
The luxury retail segment is experiencing a transformation and with that comes a slew of myths, according to research conducted by the Luxury Institute and its Global Luxury Expert Network. The organization has identified 12 myths — what it it also views as top obstacles — to high performance retail…...
