Over the course of the pandemic, luxury brands have cast aside suspicion towards e-commerce and digital marketing, particularly in China. Today, Tmall Luxury Pavilion claims to host official storefronts for more than 200 brands, including Hermès, Cartier, and Gucci. Yet an interesting phenomenon has emerged in the market recently, whereby offline events and physical retail have become arguably more important for brands. Read more
Strong third-quarter results for fashion heavyweights LVMH, Gucci’s parent Kering, and Hermès were a confidence boost for the entire global luxury business.
results for LVMH, Gucci’s parent Kering, and Hermès were a
confidence boost for the global luxury business. Growth continued,
yet, in some cases, at a slower rate than earlier in the year. But
this was expected since some retail reopenings happened over the same
quarter in 2020, making for a tricky comparison.Read more
Tod’s, PVH & Richemont See a Growing Reliance on China.
September’s earnings results confirm that China has tightened its grip on the global luxury market, fueled by the COVID-19 pandemic. Read more
Ralph Lauren Soars As China Leads Asian Growth.
The first of Ralph Lauren’s digitally-driven ‘emblematic’ retail concepts arrived in Beijing, with one in Shanghai to follow in a matter of weeks.
and South Korea helped Asia continue its momentum for Ralph Lauren
Corporation in the three months to June, despite headwinds from
Japan, the fashion company’s biggest market in the region. Read more