Post de Printemps

[Luxury Shopper - Part 1] WHAT ARE THE TYPES OF LUXURY SHOPPERS? 🛍️ . . Today's #luxury consumer is sophisticated, #digitallysavvy, more selective about the brands she buys. Brands that have historically relied on heritage and #exclusivity must now navigate a "#newluxury" that includes #personalization, technological #innovation, and authenticity, while maintaining the traditional expectations of the brand. . . There are four primary categories of #luxuryshoppers: window shoppers, personal stylists, occasional splurgers, and big spenders. . . AUDIENCE: #GenerationX and #Millenials . . © https://lnkd.in/gkBmnX-u . . #ScribeDiaryPen #SDPLuxuryShopper #LuxuryShopper #LuxuryShopperTypes #LuxuryConsumer

How is the art of hosting and pampering clients evolving ? whether it's in a boutique, a hotel, a restaurant, or in other more surprising contexts. ➖ 𝘚𝘦𝘢𝘮𝘭𝘦𝘴𝘴 𝘴𝘺𝘯𝘦𝘳𝘨𝘺 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘭𝘶𝘹𝘶𝘳𝘺 𝘢𝘯𝘥 𝘩𝘰𝘴𝘱𝘪𝘵𝘢𝘭𝘪𝘵𝘺 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘢𝘮𝘱𝘭𝘪𝘧𝘺 𝘴𝘢𝘭𝘦𝘴 𝘣𝘶𝘵 𝘢𝘭𝘴𝘰 𝘤𝘶𝘭𝘵𝘪𝘷𝘢𝘵𝘦𝘴 𝘦𝘯𝘥𝘶𝘳𝘪𝘯𝘨 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳 𝘳𝘦𝘭𝘢𝘵𝘪𝘰𝘯𝘴𝘩𝘪𝘱𝘴. By delivering a premium brand experience at an accessible cost, we uphold excellence while fostering loyalty. #branding #customerexperience #growthopportunities #luxury #retailexperience

The Bright Future of #Luxury in India ✨ According to Barclays, India's luxury sector is set for double-digit annual growth until 2030, driven by new consumers and diverse brand activations. 📈 Key insights from Barclays: 🔹 Premium sector growth: 15% to 25% over the decade 🔹 Luxury market potential: €23 billion to €38 billion 🔹 Even in pessimistic scenarios, annual growth projected at 7% Since 2022, brands like BALENCIAGA, Galeries Lafayette, Hermès, Cartier, Saint Laurent, and LVMH have expanded into India, highlighting the market's potential. Accessible luxury brands are also following the trend, with the SMCP – Sandro, Maje, Claudie Pierlot, Fursac group stepping into the market with #Reliance. India's luxury market offers exciting opportunities for French brands. Business France India, with its four offices across the country and in-depth expertise, already support numerous French luxury brands and help them discover this promising market. 🌐 #LuxuryMarket #India #GlobalExpansion #ConsumerTrends #LuxuryBrands #FrenchLuxury Eric FAJOLE | Anne DESSEMOND | Lila Peraud

The HOLIDAY SEASON Countdown! 73(Seventy Three Days Left as of today). When the day comes, all the gifts will be already purchased, gift-wrapped and be sitting under the X'mas Tree or somewhere neat... BRANDS! You need to be active on LinkedIn too. We at The Crowing Rooster on Linkedin know this and how come you don't? LinkedIn is proven to be the most digitally trusted PLATFORM for B2C(yes!) and B2B. 🐓 Luxury Brands utilizing LinkedIn: Louis Vuitton, Van Cleef & Arpels frequently, Gucci(seldomly), Cartier, Hermès, Prada Group, ROLEX, Yves Saint Laurent Beauty, L'Oréal, The Estée Lauder Companies Inc., Burberry, Tiffany & Co., DOLCE&GABBANA, Versace, Ralph Lauren Home, Porsche AG(seldomly), Ferrari, FERRAGAMO, BALENCIAGA, and many more...where are you? We know you have been 'dancing' on YouTube and Instagram. BUT you do have #Followers here too and they want to see more of you we bet. 📢 Well, here are some facts to consider(even reconsider) and ACT UPON!: 🐓 Gen Z headed to malls this holiday season: report 🐓 Nearly half of young shoppers said they’ll do their holiday shopping at malls as consumers plan to spend $530 on gifts, down from $612 last year. 🐓 Nearly half of Gen Z consumers (49.6%) plan to do their holiday shopping at malls, a higher proportion than the 40.8% average, according to JLL’s Holiday Shopping Survey Report 2023.

Lot of innovation to review! Making your workspace function very well

Big or mini, the luxury stores are strategically back in the race of making live a delightful brand experience to customers. #retail #luxury #luxuryretail #flagship #businessstrategy #customerexperience

The Aspirational Luxury Shopper Is Coming Back Mytheresa is experiencing a surge in luxury shopping, particularly among aspirational customers in the U.S. With a focus on exclusivity and tailored experiences, the company has achieved significant sales growth and profitability, outshining challenges faced by other eCommerce retailers. By curating premium inventory and engaging high-income shoppers who value digital features, Mytheresa is thriving in the luxury market. On 'EXCLUSIVITY': In a recent statement, Kliger emphasized the importance of exclusivity in attracting and retaining luxury shoppers, a strategy also embraced by other luxury brands like Saks and Gucci. Mytheresa's collaborations and limited-edition collections drive customer engagement and loyalty, alongside exclusive events for top customers worldwide. Despite industry challenges, Mytheresa saw double-digit sales growth and a 12% rise in gross profit, achieving a 43.4% margin. By focusing on premium, in-demand items and minimizing inventory risk, the company optimizes its sales mix for maximum profitability. Moreover, high-income shoppers, known for their digital engagement, are a key demographic for Mytheresa. A report by PYMNTS Intelligence revealed that 40% of individuals earning over $100,000/year are digital enthusiasts, showcasing a strong demand for digital shopping features within this segment. https://lnkd.in/g2rkBKtD #LuxuryShopping #Mytheresa #RetailTrends

RICHEMONT

The luxury industry presents a unique dichotomy: while certain brands have enjoyed record last year, others face a slowdown. According to Bain & Company, the sector saw a significant dip in growth after the post-Covid boom, with only two-thirds of luxury brands experiencing growth in 2023, compared to a whopping 95% in 2022. What's the solution? A combination of reinvigorated creativity, product and geographical diversification, and a renewed focus on understanding and meeting customer desires. 🌐 And let's not forget the power of digital in this equation. A potent mix of digital and physical experiences, personalized through data, can be the key to leading in today's luxury market. 📲 Is it time for luxury brands to redraw their strategy? ✨ #LuxuryBrandGrowth #DigitalConsumerExperience