Results for luxury retail

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How the Covid-19 crisis could remodel the luxury industry
How the Covid-19 crisis could remodel the luxury industryArticle

The Covid-19 crisis has hit the luxury and fashion industry hard. According to a study conducted by the Boston Consulting Group, sales in these two sectors could drop by 25% to 30%...

Isabelle Chaboud 20 May 2020

Upmarket US retailer Neiman Marcus files for bankruptcy
Upmarket US retailer Neiman Marcus files for bankruptcyArticle

US luxury department store chain Neiman Marcus filed for Chapter 11 bankruptcy on Thursday.

7 May 2020

Covid-19: Could remote working help retail re-evaluate its agenda?
Covid-19: Could remote working help retail re-evaluate its agenda?Article

We are living through dark times but it is important to try to stay positive; and the situation may well be giving many companies the chance to take stock of the future...

1 Apr 2020

Luxury brands' 3 best practices for coping with Covid-19
Luxury brands' 3 best practices for coping with Covid-19Article

The Covid-19 outbreak is taking a toll on the global luxury industry that is heavily dependent on the spending of Chinese shoppers at home and abroad...

Xiaofeng Wang 17 Mar 2020

Taste liquidates Domino's Pizza business in South Africa
Taste liquidates Domino's Pizza business in South AfricaArticle

Taste Holdings has announced that it will voluntarily liquidate Domino's Pizza, following its failure to find a buyer for the pizza chain...

16 Mar 2020

Luxury brands gather in Ghana for inaugural Africa Luxury Dialogue
Luxury brands gather in Ghana for inaugural Africa Luxury DialogueArticle

The first Africa Luxury Dialogue event took place in Ghana recently, presented as a forum that explored the luxury landscape in West Africa...

5 Mar 2020

Why social-ready packaging should be a priority in retail
Why social-ready packaging should be a priority in retailArticle

Brand presence via Instagram, Facebook and Twitter is now a necessity rather than a choice, therefore a brand's packaging must matter as much as the product inside...

20 Feb 2020

#BizTrends2020: Bright future for luxury brands in Africa
#BizTrends2020: Bright future for luxury brands in AfricaArticle

With strong economic growth, increased affluence and a growing population that is forecast to double by 2050, the continent holds strong potential for luxury brands...

Alain Dos Santos 10 Jan 2020

Meet you at the round table
Meet you at the round tableArticle

Introducing The Roundtables, iProspect's new long-form thought-leadership initiative that brings together change agents, creative visionaries and industry powerhouses...

Issued by Dentsu Aegis Network 7 Jan 2020

Lux Afrique Boutique avails luxury brands to shoppers in 54 African countries
Lux Afrique Boutique avails luxury brands to shoppers in 54 African countriesArticle

Lux Afrique Boutique offers high-net-worth consumers in Africa the opportunity to purchase luxury products online from the region and the rest of the world...

4 Dec 2019

Taste Holdings sells Starbucks SA amid plans to exit food business
Taste Holdings sells Starbucks SA amid plans to exit food businessArticle

JSE-listed management group Taste Holdings has announced plans to sell the South African Starbucks franchise for R7 million...

1 Nov 2019

Credit Jim Henderson via Wikimedia
New York luxury retail icon Barneys files for bankruptcyArticle

Luxury department store chain, Barneys New York, has filed for Chapter 11 bankruptcy protection and secured $75m in emergency financing from affiliates of Hilco Global and the Gordon Brothers Group...

6 Aug 2019

#SourceAfrica2019: What to know for womenswear S/S 2020
#SourceAfrica2019: What to know for womenswear S/S 2020Article

Polly Walters from WGSN recently outlined some of the trends the company has been tracking for womenswear in the lead up to spring/summer 2020...

Maroefah Smith 26 Jun 2019

Vertical stripes and a new take on check at Acne Studios. Image credit: Acne Studios
#SourceAfrica2019: What's trending for menswear in S/S 2020?Article

WGSN fashion and beauty editor Polly Walters recently summarised the season's key colours, patterns, items and more at the Source Africa in Cape Town...

Maroefah Smith 20 Jun 2019

#AfricaMonth: Alain Dos Santos on growing Montblanc's luxury legacy in Africa
#AfricaMonth: Alain Dos Santos on growing Montblanc's luxury legacy in AfricaArticle

While a growing number of international brands are waking up to the promise of Africa as a valuable market for luxury goods, Montblanc has been growing its presence on the continent for 30 years...

Lauren Hartzenberg 17 May 2019

SA pre-owned luxury retailer extends service across southern Africa
SA pre-owned luxury retailer extends service across southern AfricaArticle

South African pre-owned luxury retailer, Luxity, will be extending its offering across the southern African region, into Namibia, Zambia, Angola and Botswana...

30 Oct 2018

Richemont and Alibaba team up for luxury e-commerce venture
Richemont and Alibaba team up for luxury e-commerce ventureArticle

Richemont, owned by SA billionaire Johann Rupert, has announced a global strategic partnership with Alibaba Group which will see the launch of a luxury goods platform for the Chinese market...

29 Oct 2018

Unique travel experiences for the Muslim tourist in Cape Town
Unique travel experiences for the Muslim tourist in Cape TownArticle

The Mother City is a family-friendly destination with access to prayer spaces, great airport facilities, rich cultural heritage, ease of communication, simple visa requirements and increasing capacity in terms of air connectivity...

Avukile Mabombo 13 Jun 2018

Luxury German watch brand A. Lange & Söhne now available in SA
Luxury German watch brand A. Lange & Söhne now available in SAArticle

Handcrafted timepieces from German watchmaker A. Lange & Söhne are now available locally from Johannesburg luxury retailer, The Vault...

13 Apr 2018

Dolgachov © –
Has the digital era changed the luxury game for good?Article

The digital age poses challenges for all brands in every sector, and yet for the luxury market, the conundrum is a particularly tricky one...

Megan Bowman 19 Jan 2018

What makes us sign up to subscription boxes?
What makes us sign up to subscription boxes?Article

Everyone can relate to that excitement of ripping open a present or the anticipation before discovering what a package in the post contains...

Louise Grimmer and Gary Mortimer 3 Jan 2018

Experiential retail - a new way to shop
Experiential retail - a new way to shopArticle

With the rise of e-commerce and demise of physical brick-and-mortar retail, consumers are continually hungry for experiences that engage and excite them...

Jordan Major 19 Oct 2017

Elaine Wilson, divisional director for research, Broll Property Group
Broll releases Sub-Saharan Africa Snapshot reportArticle

Broll has launched an overview of various commercial property segments in certain SADC, East and West Africa countries in its Sub-Saharan Africa Snapshot 2017 report...

28 Aug 2017

Curtain-like exterior gives this new building a sense of always being in motion
Curtain-like exterior gives this new building a sense of always being in motionArticle

The Shanghai Bund Financial Center is a collaboration between Foster & Partners and Heatherwick Studio...

Bongani Shweni 24 Jul 2017

Luxury retail feels the pinch
Luxury retail feels the pinchArticle

Conventional wisdom has had it that luxury retail - including clothes, shoes and accessories - is immune to movements in the economy...

Colleen Goko 27 Jun 2017

Adopt an omnichannel retail strategy or risk closure
Adopt an omnichannel retail strategy or risk closureArticle

Italist.com CEO, Diego Abba, was one of the opening keynote speakers at the Seamless Africa conference (future of payments, e-commerce & retail) in Cape Town...

16 Mar 2017

Lease-back sales gaining traction in SA
Lease-back sales gaining traction in SAArticle

According to commercial property consultancy Knight Frank, lease-back sales are fast gaining traction...

22 Nov 2016

Image credit:
Deals predictions, stores to watch and business case for SA retailers who adopt US Black FridayArticle

The annual retail price slashing marathon and shopping bonanza - Black Friday - falls on Friday, 25 November this year. Just like in 2014 and 2015, queues are expected to start gathering before store opening times in almost all retail stores...

Bandile Ndzishe 8 Nov 2016

The recently opened Starbucks Menlyn Maine store in Pretoria also serves the Starbucks Reserve brand, meaning South Africa is among the less than 2% of Starbucks stores globally offering the micro-lot and exclusive coffees specifically roasted in Seattle.
Taste Holdings sees significant gains in licensed brand strategyArticle

Taste Holdings has released its interim results to August 2016, which show the South African-based management group has experienced significant gains in its licensed brand strategy, as the Domino's Pizza business settles down and Starbucks Coffee draws consumer interest...

13 Oct 2016

Four authentic marketing trends in 2016
Four authentic marketing trends in 2016Article

While technology will dominate marketing direction in 2016, from virtual reality to tapping into smart everything, there are four exciting trends that will see brands strive to make a more authentic impact...

Sheila McGillivray 25 Jan 2016

SA still a preferred location for international retailers, report finds
SA still a preferred location for international retailers, report findsArticle

Almost one-third of European retailers view Africa as an important future destination in the next three to five years, real estate advisor, CBRE has advised...

14 Jan 2016

Rejuvenated Sandton City to see more global brands
Rejuvenated Sandton City to see more global brandsArticle

More global brands are set to feature in Sandton City and the adjacent Nelson Mandela Square as the centre's redevelopment caters to SA's aspirational consumers...

Zeenat Moorad 31 Mar 2015

Rejuvenated Sandton City to see more global brands
Rejuvenated Sandton City to see more global brandsArticle

More global brands are set to feature in Sandton City and the adjacent Nelson Mandela Square as the centre's redevelopment caters to SA's aspirational consumers...

30 Mar 2015

Sandton City opens Diamond Walk for super-luxury
Sandton City opens Diamond Walk for super-luxuryArticle

Sandton City's new Diamond Walk will open to the public on 30 April 2015, staking its position as Africa's definitive luxury and super-luxury retail destination...

27 Mar 2015

Demographics and their role in consumer behaviour
Demographics and their role in consumer behaviourArticle

Customers influence generally comes from a series of issues when making purchasing decisions. This is true across the globe, and as such, the sub-Saharan Africa consumer is no different...

11 Mar 2015

Nigeria's ambitions of luxury
Nigeria's ambitions of luxuryArticle

Nigeria, where most of the people live on less than US$2 a day, is the fastest growing markets in the world for French champagne and digital TVs and could be the next big growth frontier for luxury goods...

28 Nov 2014

Stuttafords Sandton signs travel concession
Stuttafords Sandton signs travel concessionArticle

Holiday hopefuls Stuttafords and leisure holiday and cruise experts, Imagine, have signed a pioneering concession deal giving travel shoppers in-store access to a range of sensational cruise destinations and holiday hotspots, incredible cruise and holiday deals and expert knowledge to craft the best leisure breaks.

18 Aug 2014

Luxury goods firms taking the battle to Africa
Luxury goods firms taking the battle to AfricaArticle

Investment interest has grown in Africa's frontier markets this year and the region is set to become a key battleground for the luxury goods industry.

Zeenat Moorad 27 Dec 2013

Designer dog collars arrive in South Africa
Designer dog collars arrive in South AfricaArticle

Hartman & Rose luxury pet accessories will be available in South Africa, following two exclusive launch events in Johannesburg and Cape Town on 6 and 8 March 2013, respectively. Inspired by iconic fashion brands, the company was founded in Canada in 2000 and its products are now stocked worldwide.

24 Jan 2013

Australian winery launches USD170,000 bottleArticle

SYDNEY, AUSTRALIA: An Australian winery on Friday, 29 June 2012, unveiled 12 bottles of a rare vintage for sale at an eye-watering price of Aus$168,000 (US$170,350) each, which can only be opened by a specially-trained wine expert.

2 Jul 2012

Luxury goods: attracting a 21st century clientele
Luxury goods: attracting a 21st century clienteleArticle

LONDON, UK: Business in the global branded luxury goods market is booming with year-on-year retail expenditure for 2011 forecast to expand by 17.3%, according to a new report, Global Luxury Retailing, from Verdict Research, .

Published by Verdict 17 Nov 2011

Overview of European Internet usage for May 2011
Overview of European Internet usage for May 2011Article

LONDON, UK: comScore, Inc has released an overview of Internet usage in Europe, showing 366.9 million unique visitors went online in May 2011 for an average of 26.8 hours per person.

8 Jul 2011

BRICS account for 19 of the top 100 brands
BRICS account for 19 of the top 100 brandsArticle

New data out on Monday, 9 May 2011, commissioned by advertising and marketing services group WPP has found that emerging markets account for 19 of the top 100 valuable brands, while Apple superseded Google's four-year term at the top.

10 May 2011

LVMH-backed fund hunts for emerging Asian brandsArticle

SINGAPORE: A US$650-million private equity fund backed by the world's top luxury retailer LVMH is on the prowl for emerging Asian brands in the hope of transforming them into global names.

9 May 2011

Apple now world's most valuable brand, ending Google's four-year term at the top, says WPP's BrandZArticle

Emerging markets account for 19 of the top 100 brands according to WPP company Millward Brown Optimor in its 2011 study of the Most Valuable Global Brands.

Issued by Kantar 9 May 2011

Retail websites reach 75% of European internet audience each month
Retail websites reach 75% of European internet audience each monthArticle

LONDON, UK: comScore, Inc, a leader in measuring the digital world, has released results from a study of online shopping in Europe. In January 2011, 270.6 million unique visitors in Europe visited sites in the retail category, representing a market penetration of 74.5% of Internet users, up 8.5 percentage points versus last year.

22 Mar 2011

LVMH takes control of Italy's BulgariArticle

PARIS, FRANCE: LVMH, the world's leading luxury retailer, said on Monday, 7 March 2011, it will take control of Italian top-end jeweller Bulgari in a deal worth nearly two billion euros.

8 Mar 2011

Europe will remain home of luxury retail
Europe will remain home of luxury retailArticle

LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.

Published by Verdict 9 Feb 2011

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